Set timing to factory specs.
Check your points, cap, condenser. The condensers available today are all absolute crap from China. They fail in a few hundred miles if they work at all. You should get one of the 200,000 hr condensers made by one of the members of this forum.
https://www.stovebolt.com/ubbthread...55045/the-newest-condenser-update-8-2024What carburetor do you have? Rochester B? Carter YF?
I had backfires through the carburetor at idle before I rebuilt a proper Carter YF. It was the accelerator pump leaking. Rochester carbs are prone to warping causing the accelerator pump to leak.