Are you sure this is NOT a lean burn distributor? Is it missing the vacuum advance? Does it have two pickups?
1...Get car warmed and battery "normalized" after starting, run at high idle with accessories off. Get an accurate measurement on battery running voltage. It should be nominal 14V. If it is above, say, 14.5 I would investigate
2...I ran a STOCK coil with HEI with no resistor, something some on here claim you cannot do. But you may have a coil that is "less compatible" or even one that was already somewhat damaged. The obvious thing is to reconnect the ballast
3....Be certain the distributor pickup wires are not reversed, and if yoiu can not resolve this, search "rotor phasing."
This is the correct polarity hook up for the pickup wires