Has the motor jumped timing?

You are describing, what to me, is just a reversed polarity at the pick-up.
Chrysler slanty distributors run in opposite rotation to SBMs; and the magnetic pick-ups are directional-specific.
IIRC
the SBMS have one Orange and one Violet wire.
IDK the colors of the slanty but am thinking NOT Orange
The SBM pick-up can be used by cutting the wires and resplicing in opposite polarity.
I could be wrong.
Looks like I am; See post #29
Pay attention:

As others have said, possibilities are
1....Slipped outer balancer ring, check with piston stop
2.....Timing chain slipped
3.....As in the quoted post---reversed pickup wires known also as ROTOR PHASING. Reversing those wires changes the spark event in time in relation to rotor position.
https://documents.holley.com/techlibrary_rotor_phasing.pdf