It does not sound right. I have found that rebuilt distributors to be trouble. Do you still have the old dist?
When rebuilding, they make them from other distributors. Sometimes piecing together 2 shafts. In doing that, they get the internal timing off between the rotor and cap and pickup coil.
Maybe you should start by finding true top dead center and verify the mark on crank damper matches to timing line.


Inliner Member 1716
65 Chevelle Wagon and 41 Hudson Pickup
Information and parts www.12bolt.com