340 Pinging using 94

I take it since it is new to you it's been doing this ever since you bought it?
Actually no, that's why I think it might be the lack of fuel additive, it slowly got worse (I'm assuming as i refilled the tank, the additive got more and more diluted).
It has stopped getting worse, and it's much, much better after I retarded the distributor, although it isn't completely gone.