Put a timing light on the damper while you rev it up till it starts missing/running ruff. I bet you will see spark scatter. Then disco the vacuum and recheck, probably smooth, but if not, you have at least determined its either mechanical or vacuum advance
I went through the same thing and cured it with a new MP distributor.
BTW, I just put the same Summit fan (18" version) for the same reason.
GOOD flex fans rock!
Thanks. This distributor is brand new. FWIW, I have had it for years, and didn't pay near what it is going for now.
http://www.amazon.com/ACCEL-59302-Performance-Replacement-Distributor/dp/B000CIE64QI had another thread on what I did to curve it over the weekend.
Agree on the fan -- this thing is really nicely made. Very pleased so far.