Help! Newly renovated engine got stuck while cranking it...

Okey, so I've had the chance to work on the car the last few days, tough with limited resources so I had to skip some steps. First I had some progress, but then setbacks...

So I started with checking if the starter was disengaged (step 1), but couldn't see anything 'cause it is in high grass at the moment and I find my self without a jack (didn't think this was the problem anyways). Then I removed distributor (3) and looked if anything had dropped down in the gears (3a) but it looked just fine, so I poured a table spoon of oil down each spark plug hole (5) and continued to turn it a little bit by hand (7). Felt like it loosened up so I poured a table spoon in each hole again and turned it completely around (8a). Whii...! Tried turning it with the starter and it turned just fine, and still does. Does someone owe TrailBeast money now? =)

This is where the setbacks started. I connected all spark cables and set up the ignition timing best I could; meaning 6-7 degrees BTDC on the damper, then connected cable from point of rotor to first cylinder, and so on in ignition order (1-8-4-3-6-5-7-2 clockwise on the distributor cap). Turned the ignition on, and of course the battery was dead....

Got battery charged over night and tried starting. Nothing happens other than the engine going around. Checked the spark plugs. Oily... Well I'm not surprised since I poured quite some oil in there. Blew them off with compressed air and also blew the spark plug holes so the excess oil was removed. Tried igniting again. Two small puffs from the carburetor, nothing more. Checked the spark plugs. Not oily. Tried the starter a bit more. Two small puffs again, then a big puff with gas straight up from the carburetor. A bit strange?

Thinking I flooded it I removed spark plugs and let it air out over night. The next day (today) I tried a bit more. Same thing; carburetor squirting some gasoline... Thinking I got no spark I checked for spark on first cylinder. Had a spark. So I tried starting again, now with some boost on the battery from another car. The mother ******* carburetor started burning!, had like 2 inch high orange flames coming straight up from the open choke gates. Dad puffed some powder on it with the extinguisher, which I quickly removed with compressed air.

And this is where I am at... Any suggestions? I just want the damn thing started...

Distributer out 180 degrees?