Update, i have found top dead center on compression stroke and installed new cap and rotor. Vacuum line from distrubuter i have on the passenger side top outlet of carb. the others are plugged. I timed it at 8* at 1500 RPM with vacuum not on. then resinstalled vacum advance and fired it up again. Advance seems to be working and runs and idles fairly good. Only if i get up to the 2500RPM range i can hear some slight pinging again.
8* idle then advances to around 16* at 2000rpm then keeps climbing with rpm. I agree that it works, properly? dont know. I may put another jerry can of premium in it to see if there is still poopy fuel in it?