Well....
After having it apart, I can now say Im not quite sure WHAT it was.
A friend came over tonight and we got started about 7:30 or so, maybe 8. Got the car jacked up, dropped the K member(woo hoo....), pulled the pan, pulled the pump....
Pump seemed fine.
I installed a FMS high volume pump and FMS heavy duty shaft.

Notice in the first post I mention that hte little retainer ring was missing from the shaft that was in the car? Now I am wondering if its possible that without the retainer that the shaft walked up into the distributor and therefore just wasnt engaging the pump? The drive unit I have is magnetic so it wasnt helping matters.
What I do know, is the new drive shaft is the same length as the old one, yet is sitting about 1/2" lower in the block than the old one was yesterday.
So once again, Im thinkin that without the retainer clip the shaft just managed to walk up into the distributor too far, or maybe when I put it in the second time it was just sitting on top of the hex and not actually in the pump.

What I can tell you is that the fucker works now. Before I put the pan on I dropped the dizzy in and cranked the engine by hand while my friend had his finger on the pump shaft, and he said it turned. Pulled the dizzy back out, buttoned up the pan and filled with oil. I left the feed line for the Vortech disconnected when I primed it on the drill, and HOLY HELL. Oil shot out with enough force to hit the corner where the wall meets the ceiling and just hose down that whole area. Thats like a straight line on a 45 degree angle for about 12 feet. If there was no wall there I bet it would have shot the oil 30' by the time it touched the ground.
Now the car needs some SERIOUS tuning. But atleast it has pressure.