Just a few suggestions of things to look at:
There have been tales of difficulties with a Pertronix that proved to be the trigger tabs not lining up with the detector correctly. They have to be just the right amount of the tab at the right distance from the detector.
Could you have the detector placed "one notch off"? You say that you can get it to start by turning the distributor all one way. It almost sounds like you are not triggering at the right time. Make sure that the #1 tab is pointed at the detector when at #1 TDC.
By any chance, did you put on new cap & rotor? There was a guy on the 107 thread that nearly drove himself nuts until he figured out that a previous owner of mechanic had gotten the plug wires one tower off (he'd bought it non-running).
Stand back overnight, get a good night's sleep, and look at it fresh in the morning. I've found more than a few fixes that way.
Thank you RadioT.. Today the car started and its working!!
The detector ignitor II I got for my dist doesn't have any fixed position. Also the ignitor is not adjustable.... I screw in and that's it, no gap adjustment.
And thanks NorCalSL... I made sure the rotor was pressed in.
Strange, but here is how it worked in case anybody is on the same situation. I'll try my best to describe it.
As I've been doing for the last 4-5 days....Cyl 1 and crank at TDC, Insert distributor with rotor aligned to lip... BUT instead of distributor & rotor pointing at 1 o'clock (like I have been doing), I insert it more like at two o'clock!... Of course still rotor and distributor lip mark aligned, and cyl 1 cable on top.
It's important to mention that this way the distributor base is off of the location hole! After inserting the dist. I had to rotate it CCW (pointing the lip mark to 1 o'clock aprox.) in order to be able to insert the locking screw.... With the screw on, the dist is rotated to the max possible CW.
My dist is 0231401002, not as I reported on the op 0231402002.
This way the car started right away!!! But iddle was kind of high.
Since this distributor lower plate can be adjusted, I removed it and rotate the base CCW as far as possible. This gave me more clearance to adjust timing.
Anyhow still a little high at iddle, I'm very happy it's working and te engine sounds really good. Can't beleive it has 40 years... Sounds like 2.
Still have to check timing.