Put a board between the pipe & floorboard at a high point near the lowest point. Then jack the low point up until it stays where you want it to be. It will take a lot of pressure, but the pipe will give & bend.
You've got very good compression, except (maybe) the 167. You should've dribbled some oil in that cylinder & re-checked. If it comes up a lot, it's a ring seal issue. If it only raises slightly, it's a valve seal issue. Which could be related to the inactive years, or a small carbon deposit on a...
I don't recall, is it a stock cam or aftermarket? The erratic vacuum would tell me aftermarket. If stock, the vacuum could suggest slight compression leakage due to non-use for a period. This may self-cure after some road time. And for the "clunky noises", Do you know how many parts are moving...
Disconnect the timing light and put it back in the drawer. Then adjust timing to get your best idle. Final timing can be done when driving at full temp. While cruising at city speed give a quick stab of about half throttle. If it pings, back off the timing a couple deg. No more ping, perfect...
The bottom of the shaft has 6 flat sides, equally spaced, So spinning the shaft so the other end is the "point" would end in the same location. The rotor should point to the correct #1 spot on the cap. If not, move the shaft one gear tooth in the correct direction. (Or rotate the dist that far...
Don't try to re-thread. You'll notice that the outer diameter of the threaded portion is slightly larger diameter than the remainder of the shank. You'll end up with crappy threads. Carefully measure and cut off the hook(s) and re-bend. Heat will become your best friend for this. You don't want...
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