first thing i would do is get total timing set right without vacuum advance you will have to turn throttle screw up with no vacuum advance hooked up. initial timing doesn't mean much on a non stock engine. i start at 30 degrees full advance run wide open throttle. keep bumping it up 2 degrees until you hear denotation or loose power then back it off a couple of degrees. After that hook vacuum advance to full manifold adjust throttle screw. drive around at cruising speed and if you can adjust vacuum advance canister do the same thing as the full timing bump up around 2 degrees until you loose power or hear denotation. then back off a couple of degrees. if it is a pontiac engine you should have around 32-36 for total timing without vacuum advance and 12 more with vacuum. after that make sure you have the right size metering rods and jets in carburetor. cliff ruggles quadrajet book is great on how to set one up. after that you can set the idle mixture screws. quadrajets are in my opinion the best carburetor but can be time consuming to set up right.
It's an Olds 455. Now question about the timing. how are you figuring out exactly what degree you are at? my timing tab only goes to 12. it is the original one that came on the 455 with a points distributor. I have looked and cannot seem to find a timing tape for the factory Olds balancer that is correct. Every one that i have found have actually been for a larger diameter balancer. i have been kicking around getting a new distributor anyways just to make sure exactly what i have and i'm not guessing how much advance it has. my timing light is an older one that doesnt have a digital readout of the exact degrees either.