Following up on this. First off, a shout out to everyone that provided info and guidance! The engine is back together and running pretty great for having essentially a blank canvas and no tuning or real baselines to work with. Thank you! I really appreciate it.
To sum it up... Cylinders bored .050" over, new pistons/rings, new-used cam, one new-used rocker, new cam chain, new cam chain guide, lapped valves, fresh gaskets and seals, new sump filter, new points and condenser, new advance weight springs. So far everything is going pretty well. After a few heat cycles I did a cold compression test and got 138/142, pretty stoked about that!
I do have a question though. I'm not sure if my auto advance mechanism is acting properly. The weights sometimes stick open when I manually open them. It depends on the position of the camshaft though. In some spots they stick wide open, in others, not so bad. However, when the engine is running, they seem to have no problem returning to closed position when coming down in revs.
It seemed like the advance rod was being held up by the points sticking on the points cam. I did lube the rod and cam on initial assembly, but with a standard grease. So I went and got some moly grease, tore everything apart, cleaned and regreased with moly grease. I did grease the weight pins as well. The rod does seem to move more freely after that.
So, maybe opening them manually doesn't really mean anything as long as they act appropriately when the engine is running? What are your thoughts? Does this seem normal or does something need service?
Here's a video to help illustrate.
First clip is weights sticking open.
Second clip is weights mostly returning to closed with the camshaft in a different position.
Third clip is engine running with revs to show weights open and close pretty well. Then shut with a poke to check to see if they did close, and they did.
Thanks