Your vacuum is high. It should be at like 21 in HG. Check for leaks in the vacuum system. You should check for boost leaks too. Make sure you are getting a good spark. What are your spark plugs gapped at? If it is above .035", try gapping them down to like .030". Shouldn't have to go lower than that. I had problems with the MSD BTM. If I were you, I would just take it out. I had problems the entire time that thing was in and as soon as I took it out, the car ran and boosted like it was supposed to. IF you do want to keep it, try setting the boost retard knob to 0 and the start retard screw to 0. If you get knock, turn the boost retard knob a little. I got it to make like 3psi with that but it still bogged and backfired. I would just get rid of it
http://www.240sx.org can explain the timing thing. Make sure your idle is at 700rpm when you adjust the distributor. He meant how much boost are you attempting to run. Sounds like an ignition problem. As for your fuel system, at least get a 300zx fuel filter and a Walbro. A FMU would be a good idea. An aftermarket coil also helps. Good luck.