Bulti, there are many things it could be to cause a drop in horsepower. Is your air filter clean? Are your spark plugs in good condition? Are your plug wires, distributor and rotor in good condition? Are you maintaining about 20 inches of vacuum at idle? Is your <acronym title='mass air flow'>MAF</acronym> putting out the correct voltage? Is your timing set correctly? Is the exhaust plugged by broken/dislodged baffles?
There is a good section of the workshop manual you can go through along with the Bosch Hammer for troubleshooting things like low power, stumbles, rough idle, etc., and you can read the values from things like the <acronym title='mass air flow'>MAF</acronym> using the Bosch Hammer (a version of which I believe is referenced in that section) - it is in section 24/28 at the end of Volume 1. The Hammer should read your error codes too, if you have any.
On the issue of timing, does anyone have the original, unscaled version of the shop-made cam reference tool? If I can get two measurements off the original, I could make them, although an original or 1:1 scaled photocopy would be awesome. The inner faces of each camshaft appear to be vertical and parallel on the gauge, so a measurement of the space between the faces of A and E, and as a backup the total width and then total height of the rectangle would be enough to go on.