Maybe I said that wrong. Only after it’s up and running and I have windowed a cap will I play with moving the reluctor to phase the distributor. That is not my first step in fixing the current issue.
Well no, not if you are using the box to control timing. The delay in the box is what sets the spark point, not the physical location of the pickup/ reluctor. That of course depends on the delay range "in the box" which could be limited. You are thinking, "I think" of a conventional distributor ignition, where the physical and electrical trigger point of the reluctor / points IS important to cap rotor phasing.
Here's another thought: The distributor cap/ rotor MUST be in a certain physical range, to point the rotor at the cap contact at the correct timing point. This is in relationship to the crank position. So in essence, that MUST BE.
The reluctor triggers "at some point." The box then delays that point IN TIME to place the spark in correct relation to the crank. We talk about advance, and advance curve, but remember, electronics CANNOT actually ADVANCE timing. Electronics MUST delay the spark "from some point." We don't have time travel into the future, yet LOL
