The case has been solved! This will be my last post on this subject.

I just finished replacing the distributer with a procomp late model HEI Hi Performance model that I found on Ebay for $85.00 New. I also replaced the coil with a MSD Hi performance coil, also from Ebay new at $30.00.
The truck runs like a raped ape now! I couldn't believe how much power I had lost!
There was definitly something wrong with the stock items. I am guessing that the pickup in the stock distributor was working but not at full capacity.
In any event, I hope this helps some of you out there that may still be having problems with big block power issues.
Thanks for all the feed back & happy Motoring
Ted