Ross, that is definitely an issue with an engine like yours. What causes the wheel hop is that the axle try twist the leaf springs and the leaf springs fight back causing the tires to hop off of the ground. The rapid switching between grippy acceleration and wheelspin is causing wheel hop. The wheel can move with respect to the chassis because the suspension bushings flex. Sometimes simply replacing old rubber bushings with new rubber bushings is all that is needed. On a car that possesses more horsepower than intended, upgrading to stiffer materials like nylon or polyurethane may be required. Anyway, by simply upgrading your bushings, the suspension bushings will not flex as much under strong acceleration, the wheel will not move far forward in the wheel well, the toe of the car will not appreciably change, and your tires will not lose grip and there will be no more wheel hop. Of course you could also use traction bars to keep keep the springs from wrapping up ;-)
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