1974 Valiant Scamp, timing retarding when revved

Timing is no longer retarding, correct. AJ, thanks again, and that will be the first order of business here in the next day or so. I pulled out the harnesses from the bulkhead connectors and I'm working on rewiring and looming them all. While working in the bay on the distributor and wiring, the pickup coil harness tore in two!

I really should just go ahead and start a project thread. At this point I pulled the voltage regulator, pickup coil, harnesses, battery cables, coil, ECU, etc. Perhaps I've just had too much caffeine, but I already went through half the harness and cleaned it up. I'm going through it with a brass brush now to knock the corrosion off the terminals. Once the harness is back in I'll replace the pickup and focus on getting it running better in gear. Some of the wiring on this car really concerns me. I also decided to rip off the vinyl top and trim, good thing too:

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