The 34 style distributor does not use the clip. Are you using an old rotor or a new? If old change it and see if the new one is still loose. If the new rotor is still loose then change the distributor shaft to one that fits better. It should be a snug fit with no rotation of the rotor on the shaft. If you don't have the parts send the entire distributor with caps and condenser to Bubba for a rebuild and timing.