I managed to set the valve clearances to the manuals specifications. I remember hearing that sometimes people got better results running tighter clearances than the manual says, so I made sure to set it tighter than my usual "feel" with a ton of work, I manage to squeeze my .004in. gauge in the exhaust, and get the same squeeze feel for .002in. on intake. I do a go/no go double check and turn the motor over a few times to recheck. Everything reads the same now when I turn the motor over so I'd say they're accurate, AND tightened enough to not move. I struggled with this a lot in school but I feel pretty good about this now.
Furthermore, I plugged the points in where they belong for now, I'll have to figure out where the light blue/white wire plugs into, as well as the black wire with the ground clamp end. But for now I'd say all I really gotta do is buy a new battery, fully get the oil circulating, find new screws to secure the points housing, get new clips for the advance arms, buy new instruments and hook them up, attach the exhaust, and see what happens!
I also replaced hardware to match so I feel good about putting oil in it... Any other steps I should consider before filling her up with oil? I easily get ahead of myself.