I would suspect cam timing, and
make sure the plug wires are on
in the right order 1,3,4,2 distributor
rotating clockwise
How was the power when you were
loading the engine and compression
braking

did it seem like all 4 cylinders were firing

I have seen a cat glow red before, it's burning
up all the unburned fuel, and one reason I was
thinking about 2 missing cylinders, and having
the 2 wires 180* out from where they should be
Wild