Do not remove the distributor! If you do, you will spend another hour on this board having static timing explained to you!
Firing order is 1-2-4-3, CCW.
Point gap is .025, not .015.
And, if you are setting the gap on the flat of the cam, you are setting the gap incorrectly. Set the gap w/ the rubbing block on the high part of the cam. Make sure the blade is at a perfect right angle to the points & you want to feel just the slightest bit of drag when you pull the blade through the points. Make sure the blade is clean & that you dress the new points by running some card stock or a piece of brown paper bag through them. Make sure the points align correctly.
Even as tight as I am, I always change the condenser when I change the points…….and then I toss the condenser in the “used” parts box. A bad condenser is rare; you can tell if the points are pitted/burned w/ metal transfer.
Good hold-down screws are important. (tip # 37) If the heads are wallowed out, what do you think the threads look like? You can use machine screws as temporary replacements, but you should use the OEM Fillister head screws. The larger head is there for a reason. If you do use standard machine screws, make sure they aren’t too long & interfere w/ the advance weights. Always use star washers under the screws.
Do you have battery voltage across the points when they are open? Make sure you have voltage across the points, as in past the insulator on the side of the distributor. That is a very common failure point on sidemounts, along w/ the attached copper strip. It's hard to find a short there because it is usually an intermittent . So 'wiggle' the insulator & the copper strip a bit when you are doing your checking. If you find the short there, the Master Parts catalog lists everything you need on page 154. You can make the strip and you could also make the insulators as well. But, somethings are just easier & in the long run cheaper to buy. Get the strip, 12209, screw 350032-S, 12233 bushing & 12234 insulator & just replace it all. If you just replaced the rotor & lost spark, put the old one back in. Insure that the rotor fits firmly on the shaft & that the little clip is there. Make sure the distributor cap is not cracked & doesn't have carbon tracks. Check continuity on the secondary coil wire. Make sure it is firmly seated in both the cap & the coil. In fact, replace it temporarily w/ a plug wire. Next, remove the secondary coil wire from the center of the distributor cap, turn the key on & crank the engine while holding the end of the wire 1/4" from a rust & paint free spot on the engine. You should see & hear a nice blue/white spark. If not, you have a bad coil or condenser. Just put the old condenser back in to eliminate that as a possibility.
Post back w/ results; I'll be interested in what the problem was.
50 Tips