Ted, the distributor is indeed a later type, has a notch on top of the shaft for the rotor, running pertronix , with the vacuum blocked off. It is now set at between 22 and 24 degrees and reads 12 lbs of vacuum, at about 650/750 rpm. I have used two of the larger manifolds facing rearward with dual exhaust. I am using the original 2v carb that ran great on the block that developed a knock, rebuilt and tuned just past lean, to where the temp drops back to just before 160*. The grinder recommends headers and multiple carbs on his literature.
The engine is hard to start, has slow throttle response in both directions, and wants to run with the choke cracked a little. I will try increasing initial timing, but can only get @ 15 lbs of vacuum at about 30 initial*. I have checked and have no vacuum leaks but am running a brake booster.
Thanks for giving me a starting point. john
John