Found the culprit. It was the Gray Tach' wire that was hooked to the negative side of the coil as per the service manual. On a hunch I disconnected it from the coil and the egnine fired right up. Scared the crap out of me after all the false tries, especially with wide open headers. Immediately shut it down. My son is coming over after work and we'll do the 30 minute cam break in at 2500 RPM.
Question, if the tach wire doesn't go to the negative side of the coil as per the service manual where do I connect it so my Rallye Tach will work?
" However, when I connect J3 and J2A to the resistor and then check the voltage at the positive side of the coil I only have 4 volts?? "
This reading is correct. The voltage drop is caused by the ballast resistor doing it's job. The longer the key switch is left on, the ballast resistor gets hotter and more resistive (up to a point). With the key on/engine off, check for battery voltage at the blue wire on the ballast resistor. Then disconnect the starter relay (to keep the starter off) and turn the key switch to the start position, check for battery voltage on the Brown wire on the ballast/ coil positive terminal.
I checked the voltage at the blue wire and it was 12 volts. In the start position the voltage at the BRN wire jumped from 4 to 12+ volts.
The thing that concerns me is this is a fresh engine, don't keep cranking the engine over or you'll wipe the camshaft.... Personally I'd pull the distributor & just spin the distributor shaft to get spark... Besides with the distributor pulled it's real easy to check the reluctor to pickup gap which should be .008-.012 & honestly I try to get closer to .008...
I hear your concern, but I didn't crank it that much so hopefully I'm okay. I primed the oil pump/engine several times (including yesterday) before cranking and finally firing the engine and I immediately shut it down when it started. Plus I had Joe Gibbs break in oil with high zinc content and a bottle of Edelbrock cam break in oil mixed in with it.
Thanks everybody for the suggestions, diagrams and advice. It's very much appreciated. You guys rock!
The people on this forum are assume. I don't know how people did this stuff before the Internet!
I'll do a video of the start up and break in tonight and post it on my Restoration Page!