Cranks and wont start ongoing issue

It is a fresh rebuild, it came straight from the dyno and planted into the engine bay. I never removed or touched the dist except for removing the cap when dropping it in. It was getting plenty of fuel and maybe a little to much by the back fire. On the next crank cycle it was like it almost started and then nothing. I checked for spark and nothing. I had to walk away with my head hung low, Getting dark, pissed off and ready to put it on Craigslist and say LATER. Went back the next day, reconfirmed what I did the night before and back to no spark.
I need to call MSD and see if there are any checks I can do the Dist, there web site only shows for the two wire and not the three.:banghead: