After posting in the Engine Shop, I got a response asking if the heads had been milled. My response was no, but the block was decked.
Based on the assumption that decking the block caused the problem, I started doing research on that. I found that yes, that can cause my issue. The solution is to use a distributor shim kit to readjust the distributor height so that it is not bottoming out like mine is now.
Once again, Stovebolt members came through and helped me solve an issue. Thanks!