To be clear , you've had the head of a screw from the choke valve fall into the intake ? While destructive enough to an intake valve facing and small enough to get caught in a piston ring ( possibly) , I don't see how the ignition timing would have jumped 180 degrees out. Did you pull the distributor to verify if any gear drive teeth are stripped or broken ( the cam too ) or at least that the distributor rotates a full 360 degrees and hasn't jumped timing again ? For now , get the distributor back in at TDC #1 and reset the base timing and see what that does for you . Run the engine and recheck that initial timing is still correct . This is just too strange . But do you think it's just coincidental ? I mean , the screw head dropping and not the actual cause but another fault to cause the distributor timing to walk ? I just bought a cj5 , a 1973 ( I'm supposed to post it up but still in the diagnosing stage ) with a 258 one barrel. I installed the replacement distributor the PO gave me after verifying to the best of my knowledge the cam gear isn't Shreded as was the distributor drve gear was. Got it running ( have other issues to sort out ) and will check the cam and drive gear soon again. The replacement distributor shaft is nice and tight , not any play laterally , just the correct up and down play it should have . The old one had lots of play laterally and may have caused the gear to skip . Never seen this happen but won't rule it out. Then again , an owner before the guy I got it from tried to get it running and failed so he sold it. Maybe the diagnosing got too hectic and someone didn't tighten the distributor hold down clamp and the distributor hopped out of the block and Shreded the gear ? I'll never know. I mention all this because your distributor should be checked . You don't want to damage a cam gear , have to pull the oil pan ( as I did ) to look for broken teeth and all that this entails , just for a worn distributor. Please do this inspection . Better safe than sorry . Now is the time , before destruction may have you tearing down the engine . BTW , it can't hurt to check compression and a vacuum reading too to see if the reading is steady and not wandering indication a valve may not be sealing if not a vacuum leak or idle mixture out of sync for example.
P.S. - you made sure the oil pump shaft was properly engaged or the bolt won't seat the pump to the main cap , right ? I know it's not likely but your stumped and thought I'd throw that out there. Didn't mean to insult your capabilities in the least. Just scratching my head and seeing what falls out ,