Slant won't start!!?!!?!?

sdahmer said
When checking for the compression stroke I can feel compression quite a bit before TDC.

Did you try this before pulling the head off? I am guessing the head gasket wasn't the issue, and why you should try full diagnostics before jumping at something. Get an in-line spark tester to verify spark. Stop fuel flow to the carburetor, to insure not too rich, and see if it will run with starter fluid sprayed down the carb throat.

If the in-line tester doesn't flash bright, suspect a weak spark. You said you changed "points to electronic" just before. What system? Did you verify it is flashing 10 deg BTDC on #1 cylinder. Some of the conversion kits are tricky and you can have problems like "rotor phasing" or the pickup leads reversed.

It is possible to verify cam timing by using a dial indicator on the valve tops, but you need a good, tight setup. I never had much luck with my cheapie one. I need a good goose-neck mount to do better.