What you seem to be explaining could come from a whole host of issues.
The first thing would be to ask if your engine is running hot (by the temperature gague), and if the gauge is correct. You might need a new temp. sending unit, or need to knock the rust of the connection to it on the thremostat housing.
If you are running hot, it could be low coolant, or a clogged coolant system. If the latter is the case, you can get your engine coolant flushed by a mechanic with high pressure to knock some of build up out the lines. I could also be your radiator, which can be flushed as well.
Also, if you are running too rich, your engine temp might be affected as well.
Are you able to start the car again when you hear the bubbleing noise. If so, I don't think it's vapor lock.
To make sure, though, you could wrap the steel tubes that come around the front of your rocker cover to deliver petrol to your carburetors with a reflective heat shield. This should also keep the fuel cooler in the lines, which is better for detonation.
These are some of the issues that I have identified on my own Z, but have not dealt with yet. My temp gague reads 2/3s and my oil pressure drops to zero when I'm at idle. I'm sure it's the sending units for both. But it may be my coolant system. I'm afraid to know the truth, because the truth can be expensive.
Hope this helps,
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