I can`t believe that nobody has mentioned this, but did you try rotating the crankshaft while holding the distributor downward? Often I have had a distributor not want to drop down, simply because the dist. gear and oil pump drive were not aligned. Usually turning the damper 1/8th of a turn or less is enough to make everything fall into place. The fact that all your measurements are good, and it didn`t drop into the old engine again makes me think that is all it is. Either that, or perhaps the oil pump drive rod lifted out of the oil pump, and is sitting cockeyed and too high, but pretty unlikely that is the case with 2 different engines.