Are these old points or new? If the rubbing block on the points is worn, it can limit travel, which translates to adjustment woes.
Basically, if the point gap changes, so does timing. Since one half of the points is attached to the timing plate, if it moves (changes distance from the point cam), so does point gap. When the timing plate is loosened the plate can be moved by the spring tension of the points riding on the points cam. Check to see if the points plate moves around in the mounts while there is no tension on the points springs. If so, you've found the source of your timing woes, as the entire points plate moves around and in different positions when the engine is reved. In th e FAQ is a shim description that stabilizes the points plate, to accurately adjust the timing plate while the engine is running. If you run out of adjustment travel, shim the plate at a different mount post.
Cheers,