It sounds like its out of time.If it was running before you took it apart,now it wont run,either a lot of unlikely things happened or its not in time.One thing you could do is take out the number one spark plug,turn the engine until the piston is all the way to the top of its stroke.To find that put a small screwdriver in the spark plug hole and as someone turns the engine with a wrench or somehow slow,hold the screwdriver and feel when the piston stops coming up to where it goes back down then turn the other way until its at the top,there are probably some timing marks somewhere that you can line up.Then pull the cap and see where the rotor is pointing.If its pointing at number one or a little past it,as long as you are on the compression stroke(the way you find that is crank over with thumb on no 1 spark plug hole,when air blows your thumb out of spark plug hole,its compression stroke)then adjust until top of compression stroke,then see where distributor is pointing.Should be a little past number one terminal in the cap.If not,thats whats wrong.Could also be something else,but once you get that done,tell us what you find.If its not pointing just past number one on the compression stroke,you have to pull the distributor and turn it until it is when the distributor is in all the way down and bolted tight.If you would happen to be lucky enough that the rotor is a little past a post on the distributor,but not number one,you might be able to switch your number one wire to that post,run your wires in the firing order using a different position for number one,and see if it runs then.If it does then you know you need to move the distributor to get it in the right place by pulling it back out and turning it until its in the right place.Then once you get it running you could time it with your light.I dont know how much you could be off and it not run,but maybe just one tooth and for sure 2 teeth off on the distributor and it wont run probably.Half way out and it will backfire and not run probably.
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