If the distributor and it's internals are not new, then don't forget to check the stator like Viperwolf said. They can, and do go bad over time. The dizzy is new.
Low voltage at the coil can be eliminated temporarily by running a jumper wire to the positive side of the coil.
I wouldn't do it for too long until you know more. But long enough to take it for a run and see if the problem goes away will tell you a lot.I'll try that.
Make sure everything is grounded. WELL grounded. I'll check that.
What's the condition of the rest of your wiring system? Your charging system? Wiring is ratty, altinator is new.
How old is the PCV? No reason to rebuild the engine and not replace a low-buck part like that I'd say. It may rattle just fine, but it can't hurt to replace it and make sure that it's the right one for the engine. Don't use the 302 valve if the 351 takes a different number. And I bet it does. It's a new PCV that I used on the 302 that didn't run good either. I'll replace.
Is the other side of your PCV loop hooked up too? Vented through the air filter housing in other words? Yes
Even though your spade plugs can work just fine, are the color codes all matching up? Any discrepancies there that you're not sure about? What about the power feeds to the Duraspark module? Where do they come from? All stock original stuff? And what color is the wire strain relief grommet on the module? The wiring has been spliced and jerry-rigged. It's actually a little shamefull. I think my strain relief is blue, but I could be wrong.
Presumably you have a new cam in there, correct? If not, are you running the correct firing order? Presumably your 398 is based off of a 351, but if the cam is for the older 302 firing order (could be brand new and still have that issue) then that could lead to some weird issues. Yes, new cam. 351 order per the cam's spec card. I'm confident in my plug order.
And speaking of cams... Is it a flat-tappet or roller type? If standard flat-tappet, did you do the proper cam break-in during the initial startup? Yes, flat tappet. I broke it in properly. I've recently check the adjustment of my rockers and none of them had obvious reduced movement.
Just a few more things to confuse the issue.
Paul