... The pin on the advance side (right side) sits at about 1-130. SO, can anyone else with a rephase chime in to verify if that is correct?
Looks good to me.
The traditional rephase has the right cylinder advanced 83° (or 90°). With the cam running at half speed of the crank, it'll show about 42° (or 45°) advanced when the left side is at TDC. Your pic shows that...