red hot headers (glowing)

OK that mark on the balancer has numbers. When you point the timing light down and look at the balancer you will see what the timing is set to. The pointer off the block is where you will be wanting to look at. It maybe a good idea to jack up the car (put it on jack stands) and crawl under it and have a look at the balancer and the numbers on it. Mark with a white paint marker the 0 mark and the 10 degrees BTDC. This will give you a better visual of where you are when you point the light at it.
 
I prefer not to test a theory that could potentially burn up my exhaust valves, also it seems it was a timing problem like woodrow and I were trying to explain to everyone in the first place.

The only reason I took exception to what you guys were saying is because you said a extremely rich condition could cause this. Both Daggs and myself have run well what I think is an extremely rich condition. I know you can have a great fuel ratio and retarded timing and cause his issue. I knew it was a timing issue from the beginning.

I just don't want people focussing on a rich condition when really it is timing.
 
I am willing to bet the cam wasn't degreed in right or the dizzy is a tooth off. I think you need to find tdc again and mark the balancer. Restab the dizzy and set the timing again. Or half ass it and just crank the dizzy. Thats just me though, what do I know...
 
update, i set the timing to around 12 and let it idle for about 15min at 7 or 800 rpm and no red headers but i did have a toasted clutch cable which is the 2nd one in 2 days and also i noticed out the exhaust it was blowing out moisture and leaving the driveway with moisture on it, and it had a light grey smoke that would go away quickly kind of like a smoke when its cold out. do any of you have any ideas on the clutch and all my problems i have long tube headers and i have the clutch cable routed right thanks for the help.
 
You probably toasted the clutch cable when your headers were glowing. Probably heated the crap out of the cable then engaged the clutch and stretched it. I would be willing to bet that since you fixed the problem with your timing you will not be having anymore issues with your clutch cable. If you are worried though you could wrap your clutch cable with header rap or aspestos (again with the spelling) wrap like the stuff you put on spark plug boots when they are close to the headers. This should keep the heat away from the cable itself.