I am not completely sure that the AC compressor is dead. I hear it working, I hear it "kick" on when the AC is run. I am reluctant to bring it to the local mechanics in my rural area. It is not that I'm cheap. They are all named Cletus and they're all married to their daughters. I would rather diagnose it myself with the help of shoforum.
---
I belive that the black "tar" is the serpentine belt that grinded away a bit, because there are fragments of the tar in places the serpentine belt can only throw it. My best, novice guess would be that there is a clog in the line, that prevents the cold air from getting to the interior. I evacuated the system to normal pressure. I then ran the AC and tested the pressure again and saw that the pressure rose substantially (low pressure line). When the AC is turned on, I feel slightly cool air, then, once the fan kicks on, I feel very hot air (as if the heater was on full blast, most likely because of the air temp of 103). Now, why am I feeling that cool air. I don't think my system has leaks. I checked the tubing and condensor, dryer, etc. The AC has been operating since the day I bought the car.
---
I am planning to get a 93 SHO for parts/rebuild. Yes, it has the R12 system.