Timing changed after Cap + rotor swap?!

When you adjust the timing by turning the distributor, what you are doing is changing the relationship between the cap [which is being moved with the distributor] & the rotor [which is not turning with the cap]. So if the rotor is in a different position, so is your timing.

NO

You are changing the relationship of the reluctor and the pickup.

Simple question, what triggers/signals the coil? The rotor or the reluctor wheel?

If you believe the rotor does the triggering, why must some people do rotor phasing? Hmmm????