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Resolved, replaced both converters. Thanks Brusbrother. Got this car from Georgia for my daughter, so it's rust free, I'm sure you can appreciate that. Concern is what caused this and hoping it doesn't destroy the new ones - oil level was increasing and bad mileage, pretty sure running rich. Found and replaced one cracked injector while chasing the clogged converter issue. Time will tell. Runs great, looks great, ready for college next year, she got a free ride at her top private school pre-med and was the first player in school history to be named first team all state twice as a junior and senior. Not bad from a rural public school with very poor academic options. /end proud dad brag

(A few months later, 'cause I had to clean out enough of the garage to get the car in over the pit and buy a Warn Pullzall (110VAC comealong - got a smokin' deal on it) to pull it in, then wait for a break in the weather, since the garage is unheated...) But now the cover's off and I've confirmed that the driver's side chain broke. Since the driver's side chain drives the passenger side chain, what sounded to me like just the crank and no cams cranking was in fact just the crank and no cams cranking. It's not clear whether the chain broke on its own, or whether it was caused by a guide fragmenting, and there are some loose plastic bits in there. Doesn't matter much, timing kit is en route from Rock. As for whether anything got hit, jury's still out. It's so damn tight along the sides of the engine that I'm not sure I can get a compression gauge in there. But I'm also replacing the steering rack while it's over the pit, so I'll be dropping the exhaust and can take a peek up at the valves. Otherwise, I'll just see how things behave once the new kit is installed. I do have an untested junkyard motor on the shelf (bought as a spare a couple of years ago), so I can draw upon that if necessary. But I'll see how it goes over the next few days.

Any updates on this? Going to do any racing this summer?