Is vacuum stady through the rpm range? does if fall or rise when you accelerate under load?
With 62's You are at 9.95 to 1 std. and 10.1 .030.
It should not be pinging terribly bad at either CR. But I would increase octane and see where it gets you.
I would shoot for the Turbo Blue and set initial at 12-14 and total of 34 all in by 2500 (just a base setting) If you cant get the distributor to advance due to it being hung up or too stiff spring tension, the engine can't advance with crank/cam rotation. I would start with the middle tension spring on both counterweights.
If it still persists, fuel lines, filters and pump next.
Someone else have any suggestions?
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1967 Starlight black PMD Engineering 400 Auto 1968 Alpine Blue 400 4 speed 1968 Verdoro Green 400 HO 4 speed 2013 1LE 2SS/RS Inferno Orange Camaro.