Messed with points and it sputters doesnt run well and you have to keep it flored or it wont start. Points arnt new I will be getting new ones. Its sat most of its life. Was lied to on parts from past people that worked on it. O and radiator has holes in it.
Set the points at .017 - .020, at the widest point, no feeler gauge, use a paper match. You can rotate the plug wires on the cap, just hold the firing order, you will need to rotate the dizzy to get close to TDC for number 1. (move the plug wires one direction and the dizzy the other) I think that a good starting point for the timing is 8* BTDC.
Distributer has to be setup where it begins firing BTDC (Before Top Dead Center). If its retarded to much it will not hardly run at all, hit n miss. The only way to correct the vacuum advance hitting the block is to pull the distributer and move it a tooth. Do you have a timing light? I would check to see where #1 is firing with the timing light before you do anything else. If you have a timing light, one with the dial, set it to 10. Then turn engine over and check to see if the timing mark on the harmonic balancer is lined up with the timing cover mark. Use the 0 line, because youve set the timing light to show 10 degrees BTDC. Provided that the harmonic balancer is in good shape and the outer ring has not slipped....that would throw off the timing marks. This can be verified by pulling the #1 plug and getting the piston to TDC on COMPRESSION stroke. Then check your timing marks on balancer.
They are underneath the plate where the points and condensor are mounted to. Will have a spring on each side. Centrifical force along with the weights will allow the distributer to advance, then as rpms slows the springs help to close it back down. There will be some screws around the outside of the distributer body you will have to remove in order to get the plate off. Then you will see the advance. Leave the distributer in the block, and then put your rotor back on the top and then see if it will turn, rotate, a little bit then spring back. Ive seen the mechanisms stuck before, and need a little bit of ZEP or WD-40 to loosen up. If springs are rusty you better replace them. Also then check to see that the weights flop out then back in.