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re: "...the crank and cam on the marks. Pulled the distributor cap and the timing was way off. Reset the distributor, and she fired right up...."
You wrote that the "crank and cam" were good -- does that mean that you didn't check the intermediate gear? That's the one that drives the distributor, so if that somehow had jumped a belt tooth (causing your engine failure), that would explain how and why your distributor was off. And so, having readjusted the distributor now, the next time you replace the belt and set all three gears to their marks, the distributor will be off again.
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