Thanks Steve for setting me straight. I didn't realize he was testing with ignition on, engine off, and never knew you could get different readings this way. Learn something new every day.
I was at a dealer parts dept yesterday for a fuel line fitting to the distributor. He had to bring out a reman distributor to verify which fitting I needed. I asked him the price for the fuel distributor and he said they now cost $1,300 as opposed to about $500 three years ago! I suppose it's all supply and demand as the 103 engines age.