3M™ Stripe Off Wheel

If that's the timing pointer and the orange paint which became visible while cleaning it up and is on 6, i got that at 600 rpm, it was off, retarded.
If there was a rear sight that would be great but i think it's there.
Fresh gas i believe is what made the difference.

The multimeter is working but also jumping up/down but i can adjustvthe idle screw so it bounces 590-620 for timing and 630-660 on idle. Cause ?

The idle air screws are 2 turns but who knows ! No big change observed
The vacuum gauge is hooked to the port on the spacer and there is new rubber caps on the carb.
The vac swings up/down in the late ign timing area but like mentioned i believe it's at 6 @600

When i removed the vac hose from the port 1/2 ounce of gas came out, it didn't do that on the 79, cause ?.

There are 2 videos to upload and come back to edit this post with some notes/observations

A while back stated goals were to send engine and trans off to appropriate shop for rebuild/freshen up but let's not get crazy $$$$.
I think it's a good engine & trans package to do exactly that,
(have to find shop for both in NE Ohio)

It's going to sit so winterize and cyl oil/fog has to be on point even tho next fall it can be run and repeated or turned over and fog repeated.
Will follow directions on fogging oil can and open to other methods to help ensure it stays a good engine.

Gallon and a half of non meth got a whole can of b12 and 3 ounces of stabil dumped in.
Drain carb line and pump or ????

Drain block, exhaust, dump hoses, impellor already out, fill with 50/50 fog cap exhaust outlets.
How about the mufflers, they are plastic, pretty impressed how much quieter than no mufflers on 79.

Thank you

You are making progress, going to be a nice boat.

The timing mark at 6 degrees BTDC means that somebody timed it per the PCM manual. 

https://correctcraftfan.com/downloads/PCM_Owners_Manual_Ford_and_Chevy.pdf