After all the information from you guys I pinpointed the noise to the rotor hitting the contact points in the cap for sure. If around an 1/8 inch of vertical play is normal for a cam on a distributor than I am thinking I could have the wrong cam or perhaps the wrong rotor? I am thinking I will end up getting a NOS replacement and still try and figure out this one on the side. Even though it is with the service manual and FABO...fixing a problem on this car is a different type of winning.
