Just before you lose power, does the truck start to misfire? Will it run if you put in the clutch but it sounds bad when doing it, then if you try to drive, it has no power at all?
There shouldn't be any sensor on the carb. That connector is for the choke and if the choke is coming on while driving, you may have a problem there. I bought my '84 for $200 from a guy who thought this was the problem he was having. Turns out there were two other problems:
1) The Fuel Pump Relay was going out. Eventually it quit working entirely. I wrote an article on it HERE:
http://hubpages.com/hub/The-Da...l-You
2) The ignition coil power wires from the fuse block should be checked. Check the fuse first but Ignition Coil #2 wire is probably the fault. There is a nasty kink in the wire harness just before it passes through the passenger-side firewall to the engine compartment. The wire may be overheating and you'll lose voltage to Coil #2 when it does - if the fuse doesn't blow first.
Hope that helps.