erratic timing on 360

3) I measured chain slop, yes there is some but it seems minimal without a degree wheel on the crank to put an actual number to it. .

You can get a pretty fair idea without a wheel. Simply wrench the engine around until you have the timing mark "within range" on the tab. Remove plugs. Carefully move / wrench engine while watching rotor until you have a good "feel" for when it is up against the chain slop. You can feel this easily. Now do that while watching timing mark, and just measure difference in timing marks, 5* 10* whatever