340 Chugging instead of Reving

TT5.9mag said

Ok try this, with the distributor advance locked at 32, MAKE the pole on the reluctor line up with the pickup dead nuts on center AND the rotor line up dead nuts on center on the number one terminal in the cap. You might have to remove the distributor to do this. Do NOT line them up at TDC put your balancer at 32 degrees btdc

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That is what I tried to describe that I did above. With the dist locked and engine timed at 32btdc. I pulled the cap and turned the engine over by hand until I got to 32btdc. The pics above show the misalignment of the pole / pickup. and the rotor was before the #1 button on the cap.
I'm learning this as I go but it seems to me that the location of the rotor is correct when set to 32 btdc. I didn't calculate the radius of the cap x 3.14 bla bla bla.... but it's close. In addition, when the rotor is at 32* shouldn't the reluctor pole be dead nuts over the pickup/firing?