Figured it out! I had the rotor advanced to the wrong plug tower. Small wonder it sounded so advanced!
I started over but this time setting everything from the No. 6 plug cause I have timing tape on that side of the balancer. Lined everything up 15* BTDC, set the adjustable rotor clockwise 15* and plugged in the base timing in the handheld. BOOM! Fired right up. At idle with my dialback the timing is right on the money. Above idle the dialback light def won't work. Jumps all over the place.
I still should phase in the rotor with a hole in the cap but as it stands the motor feels really responsive off idle.