The good news is: Looks like the demons are gone! I redid the entire harness for engine and tranny (making sure of no bare wires, soldered instead of crimoed wires, got continuity of each wire I worked on) I replaced new balast resistor and ecu harness and now we have spark. Confirmrd that dist was not 180 out and tried to fire it.
Now the bad news: On 4 seperate occasions the carb burped back and a small fire brewed until I smothered it.
I was told it was the timing, but I twisted the dist all the way from left to right, and had same results.
Another buddy told me I might have avalve sticking open and that could be the reason for the camp fire. Sound right? He told me that having the engine in the garage for 5-6 years can create all types of problems (before you ask I spun motor on occasion to no seize rings).
He suggestion is to take cvrs off and confirm valve is not stuck and try again. If it is a tender touch with a dead blow or similar to jar it loose
Anyone had a similar event happen?