Reluctor Phasing

You explanation troubles me.

No, not that first, below EDIT THIS FIRST this one up HERE. HAVE YOU CHECKED that the reluctor is assembled correctly? There are TWO keyways. There should be a directional arrow indicating proper rotation. YOU WANT the key in the slot matching your CW rotation. (This is because that same pickup is used on B/ RB engines, which rotate the opposite direction and must be offset

First pay no attention to the pickup wires color IF YOU THINK the phase is off. It might be the pickup was assembled wrong, with wrong magnet polarity

Second, TIMING has absolutely nothing to do with phasing.

Phasing is the relative relationship between the rotor and "when" the spar happens. This means that REGARDLESS of timing, if you reverse the pickup wires polarity and the phasing improves, THAT is correct.

THEN set your engine timing LAST