Any Distibutor Guys out there?! Need some help!

What does it mean when there is red dust under it?

 

And yes there is quite a bit of red dust under the rotor and inside it.

 

K, check yer PM's
Dave

 

Red dust = rust

 

red dust..red rust..
time to rebuild

 

I'd just get a used dist. and R&R. You probably know someone that will let you borrow one. If the noise goes away then your home free. If it turns out to be something else you haven't wasted any money.