Not to discount your thought, but I would think that perhaps you'd not see *a* variation in timing with a stretched chain. The way I'm looking at it, with no load you might be able to turn the crank CW/CCW and see some "slop" at the rotor, but with the engine running one direction, any slop might be taken up and thus keep steady timing, just retarded a bunch?
If you go way beyond 0* base, then reconnect the bypass, does it change anything? Most only see about 4* advance before they start running into detonation problems, if the chain is causing any issues, I would think you'd get a bunch more advance (or retard) before having issues. Based on rotor/cap "phasing" shown in your picture, the chain would either have to be way off in retard, or a bit off in advance.
You're confident the timing gear isn't a tooth or more off, leaving the cam physically advanced or retarded?
If you go way beyond 0* base, then reconnect the bypass, does it change anything? Most only see about 4* advance before they start running into detonation problems, if the chain is causing any issues, I would think you'd get a bunch more advance (or retard) before having issues. Based on rotor/cap "phasing" shown in your picture, the chain would either have to be way off in retard, or a bit off in advance.
You're confident the timing gear isn't a tooth or more off, leaving the cam physically advanced or retarded?