First off, is TDC correct? If your timing marks are off, the light doesn't do you much good.
Is the 14' with the vacuum disconnected and plugged? Or does that include the vacuum?
1977, I'm assuming it's an HEI.
Which post on the cap are you using for no 1? Mine is 1st post clockwise from the tach/bat "notch".
IMO if it runs good and your not having any problems, run it. I asked about the post on the cap, because the distributor doesn't really care which one is no.1 as long as the firing order is right. If you wanted your vacuum canister closer to the firewall you MIGHT be able to move your wires back 1 post each, then rotate the distributor so no.1 is back at no.1. This would depend on how much room you have etc. (I believe my '73 had less room to the firewall as it's converted from points.) If you don't have enough room to do the wire dance, time to re-stab the dist.
I'm currently at 14' advanced on mine, vacuum disconnected (checked today while trying to figure out my mechanical advance curve). I don't have emissions to deal with, so I don't know how timing would affect that.
This is how mine is running. If I'm blatantly wrong, someone please correct me.