You're on the right track airman, but definitely have something amiss.
The PCV is always to full manifold vacuum and should be a large 3/8" diameter port. So that can't be the one for the vacuum advance since it's just a small (1/8"?) type.
Some cars did use full manifold vacuum to the distributor, but most don't. The Broncos run best with timed/ported vacuum as was mentioned. So find the small port above the plates and see if it has vacuum at idle. That one should have none, or at the most a very minimal amount of vacuum at idle.
If it has full vacuum then your throttle blades are not being allowed to close down far enough and are exposing the port to full vacuum.
Got any pics of the layout we can look at?
Paul
What he said
Big 3/8" port is PCV
2 little 1/8" ports. 1 is full time vacuum. 1 has little to no vacuum at idle. The no vacuum at idle is the one for vacuum advance. There is vacuum there at cruising speed (vacuum at part throttle).
Impossible to get a good vacuum signal there under load (no spark advance under load)
Good vacuum there under part throttle cruise (low load, advance spark for better performance and economy)
Mechanical advance is there becasue it takes a fixed time for fuel to burn after getting the spark. That time remains constant but at faster engine speeds you need to throw the spark sooner so the big fireball actually happens at the right position of the crankshaft.
It's all a balancing act. Throw the spark sooner at faster engine speeds so the peak cylinder pressure happens at the right time with the delayed burning gasoline. Then add additional vacuum at cruising speeds due to the reduced cylinder pressure of an engine pulling vacuum at cruise. Too much here, not enough there, comes on too fast or too slow...