So after fixing the wiring Wednesday, I gave it another shot and this time I was getting backfire out the exhaust. Uh-oh we can guess what means, I have the distributor 180 out. I mentioned it to
@folkenheath and he told me I could just change the cam sensor in the Terminator software from digital falling to digital rising. Guess who the dummy was that forgot to bring his laptop to the shop, THIS GUY!
This morning I connected the Terminator to the laptop and switched the cam sensor to digital rising. This works in my case because there is only 1 tooth on the cam sensor formly known as a distributor.
I want to clarify on this a little. This only works with a 1x cam sensor that is also a 180 degree tooth on the distributor. If the cam sensor target has a tooth that is anything but 180, then this would not work as it could put the spark on a wrong cylinder, which could be much worse than 180 off.
Also, for rising/falling in general. Usually I shoot for a falling edge if possible(where the ECU watches for the sensor to drop voltage, not increase), it reduces the possibility of a "shark fin" pulse. The shark fin pulse on a oscilloscope shows one vertical edge and one curved edge, looks like a shark fin. This curved edge could effect your timing on a crank sensor if that's the one you are reading, because the crossover on a curve isn't consistent. However, most hall effect usually fix this problem these days, it's been 17 years since my job was cam/crank sensors, so I forgot what actually caused the shark tooth. This is not usually an issue, but something to consider.
However, the cam sensor on a 1X cam target without VVT does not effect timing at all. It only tells the computer what cylinder, or just phase only, if you have a missing tooth crank target and it already knows which cylinder, the crank sensor is still what determines ignition timing either way. You can even tell the ECU in some software versions to ignore the cam sensor after startup, once it's phased, it doesn't need it. So the cam sensor signal is critical to be there, but there is a relatively large window where it will still know what cylinder it's on. So when it comes to the cam sensor on a 1x target wheel the rising/falling doesn't really matter, as long is it's in that window for the ECU to know, this is the #1 cylinder on the compression stroke.
One of the exceptions to that is VVT, but most VVT cam targets have multiple teeth since it needs to know exactly where the cam position is relative to the crank during rotation, and not just once.
Another thing, you should verify the ignition timing at higher RPM, like 5,000, in addition to idle and maybe 3,000 RPM to make sure it isn't changing. If it changes with RPM you need to change your inductive delay to fix that, or can be detrimental. It's probably fine, but needs to be checked. The Holley can work with so many different sensors, it has a programmable inductive delay, this makes it very versatile, but if you use the wrong inductive delay it can cause the timing to vary with RPM, which could cause the timing to increase more than you intend it to. So its wise to check the timing at higher RPM to make sure its not moving. You only need to verify this once.