Today I found out how to "properly" time an 009 distributor. Before I just did a static timing at 7.5 degrees before top dead center. Static timing means a timing while the engine is off. But the best way to time the distributor is to pick up a Timing light and time the engine while its running at 3000 RPM to 28 - 32 degrees. You can buy a timing light that lets you set the advance of the spark to whatever degree you want. I picked one up today from Harbor Freight.
My engine set up right now.
I also went to buy a distributor from Parts for Imports, but they didn't have the distributor I wanted. I want to get an 009 distributor because they are inexpensive. Parts for Imports had an 009 but it was fairly expensive. For a stock carburetor like I have a Vacuum advance distributor is best, because teh 009 has a flat spot where it takes the distributor a moment to get going, so it means you have to give it a bit more gas on take off. I found another distributor on the California Imports page here is the link: 009 distributor. I'll keep you updated on how the search goes.