Thanks Cal.
I think Scotty wins that big stuffed bear though, as it was the timing advancer that I had apart and the metal cylinder that the points block ride on was 180* out. I just learned something today then, as I didn't realize there was a right and wrong way to position that thing.
Cal, I didn't see any really noticeable soaking of the plugs with gas, yet since they are brand new it didn't show the same either as a dirty plug would. The old nose didn't specifically detect a strong gas smell from the plugs or cylinders either.
It started and I am just setting the timing and then need to get out on it for a proper break in of the rings on the cylinder walls.
Thanks again everyone for the tips as sometimes I am just too close to the issue and need this community as a sober second opinion ... hell even drunk will work if your right!