It seems to me you have another problem.
There is no "one tooth off" to worry about when installing a distributor. You can adjust/rotate the distributor body - that is how you set timing.
If you have a vacuum gauge, attach it to the port on the intake manifold that would normally go the vacuum wiper motor. Then rotate the distributor body to a maximum vacuum reading with the engine at 500 rpm (clamp it tight in that location).
What is the vacuum reading?
Can you then adjust the carburetor to idle and then accelerate smoothly?
You can also use the vacuum gauge to adjust the carburetor: set the idle speed to about 500rpm and then adjust the mixture screw to maximum vacuum.
How did you go about adjusting your valves?
