Problem with video inside please help thanks.

Having alittle problem with my mustang its a 91 Gt all stock except for the exhaust. I have tried to pull codes with the car off and with the car running and I get none. I have changed cap and rotor, egr sensor, new plugs, no vac leaks, new tps, fuel pump sounds good, fuel filter is new, and that I know of everything is ok?? The only other part that I think it might be is the distributor but before I go out and spend $100+ just want to make sure if any of you have experienced this in the past and figured out what the problem was thanks.

 
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So you checked the surging idle checklist in order?? Except for the speed of the palsey, it looks like an item there. If the motor is really changing RPM that quickly, it's on the list! If the motor is smooth, how about checking the gauge vs an old time, Tach/Dwell meter? It looks like a very shaky needle to me.