one important thing you should check is the mechanical advance,
with the distributor cap off you should be able to twist the rotor cap, not sure what the advance curve is but it will be easy to rotate in the direction of rotation, it may only move @10-15 degrees ( of the 360 degrees the rotor turns), remember that the rotor only turns 180 degrees per one crankshaft revolution. hence 1 degree of rotor rotation is 2 degrees crankshaft rotation.
It makes a really big difference preformance wise.
Also check vacuum advance, this will require a hand held vacuum pump, you should see the plate with the pickup coil move when vacuum is applied, which it should hold, not leak, but I have seen the plate stuck in place even though the diaphram holds vacuum.
A quick and easy way to somewhat check this is to have the engine running remove the ported vacuum source for the advance, place it onto a manifold vacuum source, you should see a noticeable increase in the engine idle speed, because you just advanced the base timing. Thats assuming the vacuum advance is working properly.
Hope this helps, I realize its a long post but I wanted to be as clear as possible.
Good luck.