I never removed the distributor. I took out the #1 plug and with the dizzy pointed at one I still seem to be at TDC.
So you are saying you verified your distributor is installed correctly and has not changed because the #1 piston is at the top of it's stroke when the rotor is pointed at the #1 plug wire terminal?
You can't really tell the degrees accurately that way. You can get close, and you can verify that the distributor is installed correctly, but you can't tell that you're exactly at a certain degree without the help of the light.
Maybe I'm not sure what you're saying here?
No matter though, since you did not remove the distributor then nothing changed other than what you renewed yourself outside of the distributor.
Just to be sure though, you know the correct location of the #1 cylinder on Fords, and that the distributor rotates counter-clockwise when the crank is rotating clockwise, and all that stuff. Correct?
Just checking. Sounds like you're on top of it, but wanted to make sure since this stuff rears up and bites us in the butt often enough.
I guess I was afraid maybe it had jumped time.
Anything is possible, but jumping time is actually pretty rare and only happens when the timing chain and/or gears are severely worn. Or defective...
Are they original? How many miles?
Remember too that jumping time, or whatever might change, does not effect your timing light. If you're reading 12 degrees, then that's what you have. The light reacts to the actual spark, and the timing marks are aligned with the piston. And that's it...
So even if the distributor has skipped a tooth, or the timing chain has jumped and now the camshaft is out of time (cam timing, NOT ignition timing) if you turn the distributor until the timing marks line up like you want, then your ignition timing is what it says it is with the light.
Paul