Well a hot engine, esp one with milage on and carbon build up on the piston can easily have pre ignition.
You have your spark plug ignite at the top, piston carbon at the bottom, flame fronts meet in the middle earlier than planned.
Not really confident this your issue.
So we now know the timing marks at the balancer are good and point to 0.
Now we need to check the distributor install. Put engine on tdc compression stroke. Find #1 spark plug wire tower, remove cap and see if rotor is pointing at that tower.
Was a reluctor pick up coil included in the new distributor parts?
Also what temp t stat is in this engine?
You have your spark plug ignite at the top, piston carbon at the bottom, flame fronts meet in the middle earlier than planned.
Not really confident this your issue.
So we now know the timing marks at the balancer are good and point to 0.
Now we need to check the distributor install. Put engine on tdc compression stroke. Find #1 spark plug wire tower, remove cap and see if rotor is pointing at that tower.
Was a reluctor pick up coil included in the new distributor parts?
Also what temp t stat is in this engine?