it is easy to adjust ignition timing by just rotating the distributor, but you have to know exactly what your specs are, and that you are adjusting them accordingly.
read: you need a timing light. adjusting the timing without it is just an emergency procedure, to get your car to the shop that has one.
the pushrod side-to-side movement? i am confident some movement is allowed, and i am not aware if there is a table of allowable lateral tolerance...





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