Yeah, I was thinking about the same thing as far as if the engine revs climb and the speed doesn't, then that would be a clutch slippage problem. Could still be a couple other things, such as a clutch master or slave cylinder. You're saying you're smelling burning clutch. Brakes smell the same way, so don't confuse the two. I'd pull the wheels off of it, and make sure that none of the calipers are hanging up some, causing some drag. This will also cause performance and fuel mileage issues, for obvious reasons.
Personally, I would likely pay someone to do a clutch in a small FWD car. Sounds like you have better tool sets than I do (though that doesn't take much), and a little more experience, too.
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