The FSM should have the engine id in it. 1/32 is normal up and down. You should not have any side play more than .004. If turning the shaft and the cam plate wobbles (take the rotor off and look) it can be a bent shaft. Also see if the mechanical advance is working, lock the shaft say in a vice gently put the rotor on and see if you can turn the rotor in CCw direction a few degrees and see if it returns, if so the mechanical is working. See if the vac advance is blown out also that will let the points plate shift forward