An EGR that is stuck opencan very well cause the symptom you are decribing, including surging at idle and poor acceleration.
Failure of GM EGR Valves is quite rare.
A common problem on the 4.3L Vortec engines is failure of the Central Multiport Injection Assembly located between the plastic upper intake plenum and the lower intake manifold.
Sometimes failure of injector lines and/or the fuel pressure regulator (Part of the MFI Assembly) will cause fuel to spill into the upper plenum area. This can dislodge carbon deposits in the upper plenum which then get stuck in the EGR Valve and cause the symptoms that you are describing. The EGR Valve can be removed and cleaned. Replacement is not usually necessary.
Ido recommend replacement of the injector assembly however.
check out this solution page for more info regarding this.
http://www.fixya.com/cars/t3218505-misfire_code_rough_idle_full_tune_up