Definitely adjust the valves, I had the same problem on my 55 w/235 and the no. 4 intake rocker was off the valve, since correcting and adjusting valves runs like a different engine. Also I e-mailed Pertronix and they told me to remove my ballast resistor since I have the Flamethrower coil.
Larry
Last edited by deere36; 07/24/2012 1:39 PM.