Only runs 40 Degrees advanced

Damn, Rusty got me on that one!
Op, I know I read somewhere that you changed the intermediate shaft and gear, did it have a hardened tip one before?
I would swap the cam, lifters, get rid of the adjustable push rods, use whatever you have lying around,
If your gonna yank it as junk you don't have anything to lose. I'd check the oil pump drive too.
Whatever you decide, good luck, that's a nice little ride to be down in pain.
No it did not have a harden tip I don’t have any old cams laying around but I could buy a cheap one and put in.Because the block is good I drove it 800 miles that day didn’t burn a drop Oil. I had it balanced when I rebuild it. I ported the heads myself and put big valves in it. It was running real good. The intermediate shaft is the oil drive. And that wasn’t hurt except cosmetically where the distributor shaft jumped in and out of the slot. When it does start it sounds real good and starts real fast. As long as the timing is Jacked way up.