That sounds exactly like what my 1990 is doing now. Last Friday, it worked fine. Monday, everything worked the same, except no cold air. The A/C light came on, rpms went up, compressor was turning, just no cold air. I checked that the compressor came on when using defrost with the A/C button off. I checked the sight glass, but I could not see anything related to what the FSM said. I was checking the A/C lines. I know one side is supposed to be hot and the other cold, neither felt hot or cold.
This sucks, living in hot, humid Florida with no A/C. I am going to try a can of R12 to see if it is just low. If I don't get "colder" air, then I think it's off to an A/C shop...

I guess I will head there anyway so they can check for leaks.
What do you think, any obvious things I am missing?