Update to give everyone. Got the engine running today finally. Looks like everything is functioning properly just need to play around with the idle mixture some as in gear there is a roughness in the engine but when you bring the rpm up the engine is pretty smooth.
I am uploading a video right now to youtube to link it on here when its done but below is what I have done so far.
Initial timing set at 12* BTDC with vacuum lines disconnected from dist.
With the vacuum lines attached at 750 rpm idle in neutral venturi vacuum was showing timing to be 14* btdc. Accelerating the engine showed a increase to 30* btdc I think it was around 1200 - 1500 rpm when it hit 30* btdc. Hitting the throttle fairly hard from a stand still to cause manifold vacuum to drop I saw for a split second the white mark for TDC go full retard behind the timing point before moving back up around 20ish degrees. Seems like the advance is functioning. Cant vouch for the timing curve how ever will be digging my book out to make notes on that aspect to do some checking and see.
I set the dashpot as shop manual said. Had engine idling at full hot idle and adjusted the dash pot bolt till idle speed came up and then backed it off 2 full turns to obtain the recommended clearance. hitting the throttle now results in a slow decrease in rpm from 1200 rpm down to idle as the dashpot slows the throttle down.
I double checked the transmission rod and was glad I did as I never turned it 2 to 3 turns counter clockwise for proper setting.
Only thing left now is waiting on my heater gasket set so I can pull the leaking heater out of the car and replace the heater control valve and all the brittle broken vacuum lines. I also need to check the vacuum output of my pump as well should be 15" at 500 rpm idle which means I will have to idle the engine down in gear as I have it currently set at 550 rpm in gear which is the max spec I found listed in my shop manual of 450 to 550 rpm in gear. But all in all I am very happy with the results though. Engine never ran this smooth or had this snappy of a throttle response. That 0* initial timing that the engine had to force it to work with a late model carburetor really killed power on this engine. Cant wait to get it to the point to take it around the block and see what the old engine can still do.
This is the video here, only 33 seconds didn't have time to make a longer one as I had other plans I had to take care of for tomorrow so didn't get to get my usual idle at exhaust I do. The video is also taken before I made my dashpot adjustment so the engine comes back to idle quite fast compared to how it does now with the dashpot doing its job.
1956 Ford Fairlane Town Sedan - 292 Y8 - Ford-O-Matic - 155,000 mi