Tonight, I dialed in the dwell and grabbed my can of starter fluid again to look for vacuum leaks. No leaks...
I went and grabbed my neighbors cap and wires and carefully routed the wires to the appropriate locations. In doing so, I bumped into the exhaust by the #4 and expecting to be burned (again), reflex took over and I jerked back. It was for nought because the pipe was stone cold. It was the same for the #2 cylinder. After placing the wires and cranking her up, the backfire was gone.
Now, I'd like to say, "yep, them there wires were faulty" (and they could very well be), but there is the distinct possibility I had them miswired
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I still have to tune out a flat spot when you stab the throttle, but the backfire is gone. My preheat tubes are nice and toasty now, too (at least 2nd degree burn hot). My timing signal is now dead on (which makes me once again want to blame the wires). I'm ordering a set of Bosch plug wires (cap & rotor, too) for good measure.