It's alive... It's alive!! Muahahahaha!
Thank you all for the help.
Strange, but here us how it worked in case anybody is on the same situation. I'll try my best to describe it.
As I've been doing for the last 4-5 days....Cyl 1 and crank at TDC, Insert distributor with rotor aligned to lip... BUT instead of distributor & rotor pointing at 1 o'clock like graham said (and like I have been doing), I insert it more like at two o'clock!... Of course still rotor and distributor lip mark aligned, and cyl 1 cable on top.
It's important to mention that this way the distributor base is off of the location hole! After inserting the dist. I had to rotate it CCW (pointing to 1 o'clock aprox.) in order to be able to insert the locking screw.... With the screw on, the dist is rotated to the max possible CW.
My dist is 0231401002, not as I reported on the op 0231402002.
This way the car started right away!!! But iddle was kind of high.
Since this distributor lower plate can be adjusted, I removed it and rotate the base CCW as far as possible. This gave me more clearance to adjust timing.
Anyhow still a little high at iddle, I'm very happy it's working and te engine sounds really good. Can't beleive it has 40 years... Sounds like 2.
Still have to check timing
Merry Christmas everybody.