Ok… I still can’t get to the BB or TDC mark by turning the dizzy… it dies right as the BB comes into the window.
I set the advance on the light to 7*… remove and plug the VA, started her up and turned the dizzy clockwise… just as the BB comes into view the engines sputters and dies … couldn’t even get close to the TDC mark.
Now if I set the dizzy where the engine runs strong and stays idling (950 rpms was the lowest I could get it) and just use the advance on the gun it took 27-29 * to get the TDC mark lined up with the pointer.
There if definitely something odd going on… if I just set the dizzy by ear and idle…. It drives strong and runs great but it’s way off of the 7* BTDC.
This is probably a big part of your issue... it sounds like you are using your timing light wrong.
Your timing light has no idea what the actual TDC of your engine is, it flashed based on the actual pulse from the distributor, not based on TDC.
Set your timing light to 0*. It should flash at the same time as the BB meets the pointer in the timing window. This is your base timing of 7*. If you wanted 10*, you would set your timing light to 3* and then adjust the distributor counter-clockwise 3* which would advance the ignition timing 3*. Start with the base 7-degrees though.
From there, it should idle. Then you need to know:
1. maxiumum vaccum you can acheive at idle.
2. engine compression numbers would be a great info.
3. is the valve lash set properly.
commonly the distributor shaft bushings can be worn and cause really inconsistent idle timing. But I wouldn't throw a distributor at it just yet. I still would want to know why somone replaced a electronic 79/80 distrubtor with an older points unit.
Additonally: have you checked the point gap? are the point surfaces clean?