First things first, can you give a little more detail with the "no-start" condition. Is it cranking and if so, fast / slow? What were the conditions before the Cutty started having this problem?
Since it's an 86 Olds you should have the regular HEI, with the coil inside the cap; the Chevy distributor wouldn't fit the Olds.
You said you checked for voltage and at coil connection but were you getting 12V? Also, did you check the voltage when cranking? I'm wondering if you are getting some type of voltage drop. Your coil may be open. And make sure the ground strap is there; if not you will have problems. I don't think the rotor is 180-degrees out or the cap is off because you should have just replaced them in the same position as the originals.
Another thought could be the rotor tip not coming into contact with the cap terminals. There should be a little wear on the tip and the terminals (underneath the cap). Another check could be the plug wires, check the resistance (I'm not sure the exact amount per wire length - a quick lookup would help). I would also check the connections, especially on the module. If they are corroded or not fully in you will have the no start condition. And check to make sure there isn't any dielectric grease on the terminals of the module. Not sure where you got the module, but you can have it and the original checked. How are the plugs? Condenser?
Not 100% sure the oil pressure switch was wired-in on the 307 so that if the ecm / switch didn't "see" oil pressure it wouldn't start but worth a try.
Good luck and keep us posted.
Since it's an 86 Olds you should have the regular HEI, with the coil inside the cap; the Chevy distributor wouldn't fit the Olds.
You said you checked for voltage and at coil connection but were you getting 12V? Also, did you check the voltage when cranking? I'm wondering if you are getting some type of voltage drop. Your coil may be open. And make sure the ground strap is there; if not you will have problems. I don't think the rotor is 180-degrees out or the cap is off because you should have just replaced them in the same position as the originals.
Another thought could be the rotor tip not coming into contact with the cap terminals. There should be a little wear on the tip and the terminals (underneath the cap). Another check could be the plug wires, check the resistance (I'm not sure the exact amount per wire length - a quick lookup would help). I would also check the connections, especially on the module. If they are corroded or not fully in you will have the no start condition. And check to make sure there isn't any dielectric grease on the terminals of the module. Not sure where you got the module, but you can have it and the original checked. How are the plugs? Condenser?
Not 100% sure the oil pressure switch was wired-in on the 307 so that if the ecm / switch didn't "see" oil pressure it wouldn't start but worth a try.
Good luck and keep us posted.