The (above) numbers ain't soundin right. I would gap the points a .017" (or a matchbook) then unplug/cap the vac adv & set the initial at 15 at ~600 RPM in gear/ebrake on which will be what you will see stoplight to stoplight. Stock OE lo po cam correct?). That'd be a start & find out what is going on with your numbers. My first step would be a good timing chain set. EDIT I'm assuming the can is on ported?