I think your assumption is partly correct Bill, “the hand throttle was for running PTO stuff [remember these were designed as farm and work trucks], and for keeping a high idle for warm-up”. The only thing I can see wrong with that is every truck came with the throttle, and it wasn’t an option and not very many had a power take-off. Also the fast idle cam should take care of the rpm till the engine warms up, no?
To you other two dudes, I’m not the cruse control police but I would certainly agree with the numerous replies in past threads cautioning against the practice of using a fixed throttle stop for a cruse control.
Denny Graham
Sandwich, IL