Pulled the Mess that was my Timing Chain....

Yes, locktite was applied and I required down to 50 ft lbs, which was the spec in my book.

The distributor is out anyways. If they are 17 degrees off, will that affect setting the distributor, out it's it just fine tuning?

Yes, I got new lifters. Those will be lubed up good and installed today. I'll keep that in mind to check wear pattern, thanks for the tip.