You need to either recurve your distributor or buy a performance one with a shorter curve. It will run WAY better. The "smog" distributors had a LLLLOOOONNNNGGGG SSSSLSLLLLLOOOWWWW curve in them. You cannot just "bump up" the timing on some of them as then they will over---advance at higher RPM. Some of them had a lot of advance in the vacuum can, too.
I'm currently running a "was all stock" early 70's 318 I found on Craigslist with low miles. It runs the equivalent of close to a 340 cam, but even before I swapped the cam, I ran it with the Accel dist at over 12*. The cam in there now runs at 15* BTC. It runs REGULAR gas and never pings, at about 36 total