I hear you all.  Will do compression test.  Prob. not the leak down test. Prob. will have the distributor sent off for a check up and put in NAPA CS7860 points.  Good to 7,000 rpm. I have read to may bad stories of electronic ign failures leaving people stranded. 

I was surprised at the price difference on distributors.  New elec with tach drive for $160.  Others for over $600.  What ?  Must be for racing or something. 

Very possibly could be the cam going bad too.  Time will tell.    Just trying to make a reliable street drive out of this car.