Latest update: I replaced the ignition module with the "HiRev 7500" box from Ehrenberg and set the initial timing to +16. The motor now starts and runs pretty well, but I'm not happy with the way transmission works. The motor revs well in my driveway, but it won't not rev past 4k in first gear in Drive. It does not matter how much gas I give it, at part-throttle it hangs until I get to 3,500-4000 RPM and shifts at 4000 when I floor it.
I know, I can manually shift, but it's annoying. The action of the old factory shifter is about as crisp as oatmeal, so manually shifting is not at all precise. Fortunately, the reverse lock-out works on he shifter works!
It may should like I'm bitching, but I really do love the car. It's just not a lot of fun to drive right now. I probably need to spend more time behind the wheel so that I can learn how the car likes to be driven. Before I fixed the ignition, I was afraid to drive the car more than 4 or 5 miles at a time because it just ran so badly. Now that the motor runs, the trans seems wrong and the car wants to overheat.
Next on the list will be a radiator, then wheels. The wheels on the car have a modern-style, +35 offset and rub the frame. Is this why they call 'em "project cars"?