Congrats. You did make a plan which is smarter than just diving in, however, you're plan won't work. You do not need to set both point gap and dwell, because they are the same thing. Also if you hook the dwell reading to the coil, you won't get a reading. If your system hasn't been modified, you need to connect to terminal 7 at the bottom of the left front fender. #1 is the first cyl on right bank. #7 is first cyl on left bank. TDC looks like O|T on the crank dampner. Unless you pull the dist, there isn't much point in doing anything other than runnung the folded edge of a white piece of paper through the points. You really should grab an M117 book off of ebay.

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