Stephen,
When you reconnect the ESC bypass connector, are you certain there is a good connection? Is there a 5 or 12 VDC signal at one of the wires? As long as the ECM was removed, is the PROM from the exchanged ECM the same (do BOTH trucks have the LP conversion?
Are the connections at the HEI amplifer/switch module clean and tight?
I hate to advocate outright parts swapping, but as long as you have a donor vehicle and suspect the distributor, you could exchange them as well. It doesn't sound like the distributor itself is the problem, however. The ECM controls spark advance in concert with the ESC module input. I'd check all the connections first, including the ESC module.
------------------
Later,
Vader
------------------
"
No matter how hard you try you can't stop us now"
Adobe Acrobat Reader 4.0