340 Chugging instead of Reving

Update 10/01. Good news / Bad news

Good news - Moved the interrminate shaft counter clockwise wise one tooth. At 32* locked the reluctor and pickup are dead nuts. The rotor was just prior to reaching the #1 tower. Per plan, this is exactly what I wanted to see.

Bad news - No change.

I slowly adjust the timing from 20* to 40* while testing the throttle and she popped at the same ~ 2500 3000 range.

I did look at the reluctor roll pin notches and they where exactly 180* across from each other and inline with one of the reluctor spokes. So I did not re-index the reluctor.

I reversed the ignotion/distributor wires again to see if that had any effect now that the phase was corrected - but none....

With the timing light at idle it appeared to bounce a few degrees but with a little throttle it held steady at 32* when it reaches the popping point the timing drops ~3* I would expect to see a more stability but I don't think this minor movement would cause this particular problem.

I see recommendations in the post suggesting the carburetor may be contributing. Once I'm satisfied that the ignition is off the table I'll go back to the carb.