Engine oil smells gasoline

you mentioned it did start up when you pour fuel down the carb. Does the car stay running or does it die shortly after? Since you managed to get it started I assume your spark plug wires are on in the correct order and the distributor is in correctly, not 180 degrees out.

it is always good to begin from the beginning with these things.
since the car has never run right, I would suggest starting with the following:
1. Find TDC (top dead center) on the number one cylinder (driver side front cylinder)
Make sure it lines up with the 0 mark on the balancer. If it doesn't line up the balancer has slipped and you either need to replace it or put a new mark on it.
2. make sure the carburetor is working properly and is getting fuel (no dirt in the bowls or needles)
3. set static timing like suggested above (while the engine is turned off),
make sure the number one cylinder is at TDC (on the firing stroke, not the exhaust stroke) and rotate the distributor so the no1 sparkplug tower is in line with the distributor rotor. This will put you close enough to start the engine and get it running (around 0 degrees)
4. bring the engine RPM down to around 750 at idle in neutral
5. set proper engine timing
this is different for every car but a good ballpark is usually somewhere around 12-14 degrees at idle (mine likes 18 ) and a total timing of 34-36. Test this at around 4000 rpm just to make sure all the advance is in and make sure you have the vacuum canister disconnected and plugged.

this should get you started and will give you a good baseline to work from. If you don't know if your balancer has slipped or what timing numbers you are running you'll be shooting in the dark :)

Let us know if you have any questions.
I'm sure there are lots of folks here that want to help.