The motor was in a drag truck with full msd ignition. The guy also swapped carbs and intake on me. That is why I suspected the carb at first. I got rid of the edelbrock and bought a race carb built by Mathis racing carbs here locally. I think I am going to just break down and buy a good distributor. I am assuming that I should not have such problems with a mopar performance distributor from jegs or summit.
I really do appreciate all the help. I would have never thought to drill the cap to find that.
Thanks Sam