225 Slant Six Crank but Won't Start (Fuel but No Spark, Dist. Rotor turns)
You most definitely have a timing issue. If this hasn't been driven since 85, let's do first things first! I would ditch the points if this Dist. has them and install a Pertronix unit and fix any other causes you might be having. You really need a FSM, they are a valuable tool to help you learn. The blue covered motor repair manuals like this are good too and cover a wide range of years.
http://www.ebay.com/sch/i.html?_from=R40&_trksid=m570.l1313&_nkw=motor+repair+manual&_sacat=0 Good Luck