1. Is this a point type distributor?
2. Is the gap ok? .018 to .020 I think! Dwell meter about 40 to 45 degrees [running...thats the problem!]
3. Timing @ idle: TDC to 5 degrees BTDC...10 degrees if you can get away w/it!
4. Plugs are now fouled out...black as can be! Hence the reason...