the 1970 model year was when the caps changed;
At the start of the model year, black caps were used, and the general consensus is that by January 1970 red caps were being used exclusively.
To answer the original question;
For 1970 Firebirds red caps are correct, and black caps are incorrect.
Keep in mind that at the time called "1970+", because 69 model year cars were being built through to November(?) 1969)
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1970 Formula 400
Carousel Red paint on Black standard interior
A no-engine, no-transmission, no-wheel option car.
Quite likely one of few '70 Muncie three speed Formula 400's left.
1991 Grand Am: 14.4 @ 93.7mph (DA corrected) (retired DD, stock appearing)
2009 Cobalt SS: 13.9 @ 103mph (current DD; makes something north of 300hp & 350ft/lbs)
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