Utek,
Sounds like Trev is right, and it's out by one tooth (over retarded). It interesting that you found:
UTEK wrote:It seemed that there was two different positions that the dizzy could sit and still have the rotor and mark lined up- one really advanced and one really retarded.
. If you move it around one tooth and find that you are now "overly advanced", then the below may help.
It is possible when pulling apart a dizzy that you cannot get the timing ball directly under the timing gear window. The symptoms of this are:
• the timing mark appears to the far right of the window no matter how far you advance the distributor. It feels like you have the distributor off by one tooth. However,
• if you move the distributor around one tooth, the timing mark appears to the far left of the window no matter how far you retard the distributor.
It feels like you are “stuck” between too much advance, and too much retard. The car will (probably) run in either extra-advanced or extra-retarded positions, but will either ping or run sluggishly (sounds like yours is overly retarded and sluggish at the moment). If this is the case:
• with the engine stopped, move the engine around until the until the timing ball is directly under the timing window pointer and the distributor is pointing to cylinder #1.
• loosen the ½” bolt in the distributor advance/retard plate and set the distributor to about ½ way between full advance and full retard (i.e. zero advance and zero retard) on the advance/retard plate.
• slacken the slot-headed clamp around the distributor body.
• with the timing light and engine running, turn the distributor body until the timing ball is directly under the timing window pointer.
• tighten the slot-headed clamp around the distributor body.
Cheers,
Harv.