Of course it makes sense, you need fuel, spark and compression for the thing to fire. You said you lacked compression which it was surmised was due to the valve clearances not having been adjusted.

Read my earlier post and use the method I suggested to check the clearances it is easily the quickest way.

Then once you have correct clearances compression test, do you now have compression on all the cylinders?

Then set the static timing. If you don't have points you need to figure out how to statically time the electronic ignition unit you have. It is possible to put the oil pump shaft/distributer drive gear back in such a way that the timing can't be adjusted properly because the vacuum unit hits the block rather than allow the body to be turned correctly. At a guess that is where your fault lies.