You don't have points and a condenser unless the engine builder found an old distrubiter in a junk yard and used it.
AS to the theory of filling up the engine with
oil till the dip stick reads full is not a sound theory. The stick may not be installed and calibrated correctly.
If you have a CAnton 7 qt pan it will take 7 qts including the filter. I called Canton and asked. If you have an
oil cooler you may want to add another 1/4 to 1/2 qt. Then check the level on the stick and if it does not indicate a correct level, get a file and "notch" the stick at the current level and you will be good to go in the future.