I have a update. I found some time yesterday to do a little work . I took my new to me distributor apart and replaced the reluctor wheel. Some one ground the fins off the old one for a different application.
That kind of was a bag of snakes. The new reluctor wheel was not from MSD it was some aftermarket one for a MSD I guess. The quality was not the same. After dropping the little reluctor pin in dirt about four times, it would not fit in the groove. I had to drill the groove in the wheel out. After I got the distributor back together I moved on to the turbo drain hole. I had to remove the water pump so I would have enough room for the drill. Drilled a hole through the block, and tapped it to pipe thread.
The later turbo blocks come with a thick boss and a hole in about the same location. The other option would have been to tap into the oil pan.
Well that is done! Next project on the list is the valve seals and valve springs.