new with a 62

[62allenhead]

Hey guys, new to the forum. I just picked up a pretty solid 62. Its just primer white right now. It has a 350 and a turbo 400 trans. I was able to drive it home but quickly found out it had bigger tranny issues than I had thought. I was told it just needed a rear seal, but now once it warms up it poors fluid out the front seal so I found another trans to throw in it. Anyway heres a pic of it..sorry its the only one I got right now.


I had a few questions too.
How low can I go with a static drop and no c notch?

Also the timing is off. It has a 350 with an hei distributor. I can't turn the ditributor anymore because the vacuum advance hits the firewall on the passenger side. Do I just need to lift the distributor out and turn it counter clockwise one tooth and drop it back in? Do I make sure the rotor is pointing in the same direction or does it need to turn with the distributor?