Here's my 318 with a "Thumper" by CompCams (video was taken on first start up after rebuilding engine nothings dialed in just yet)
https://www.youtube.com/watch?v=6bOcYZEcyD8&feature=youtube_gdata_player
The timing is not retarded at all it's pretty close to 20 BTDC that hesitation is because I had just started it. It was not fully at operating temperature. The car pulls pretty hard until the high RPM's. I don't have a tach on it yet so I couldn't really say where it falls off at.