My 56 Victoria with a 312 has an exhaust leak I cannot find. It is under the hood and only makes noise when the engine has a load on it. Idling in park you cannot hear it, but put it in gear and step on the gas and it sounds like an old truck! I have replaced the manifold gaskets and exhaust pipe gaskets. I have replaced the manifold to pipe studs; everything is tight. A friend says the noise is coming from the fuel pump but it sure sounds like exhaust to me (I can sometimes smell it in the car. The manifolds have been inspected for cracks and none found. I put Felpro gaskets on it, the metal/composite type. Now I am thinking of doubling up on all the gaskets. We even checked the flatness of the manifolds where they attach to the head and that was fine. I just ordered a mechanics stethoscope and maybe can pinpoint where the noise is coming from. You cannot hear it from under the car. This is driving me nuts... am I missing something???