From what you describe, it sounds like the whole engine dies momentarily, as opposed to just one cylinder? If so, then the issue is likely in components common to the whole engine, not just a specific cylinder. Things like a bad injector, plugs, plug wires between dist and plugs are unlikely to be the cause. The cold start valve test mentioned sounds like an easy one to try and will rule that out. If what you are experiencing is a total cut-out of the engine, then I'd be looking at ignition things. You didn't mention plug wires. Have those been replaced, especially the one from the coil to the distributor? What about the ballast resistor? Could it be shorting or otherwise failing?
On the other hand, if you are having a reduction in power or stumbling, but it doesn't seem like total engine shut-down, then you could just be losing one cylinder or be experiencing general fuel starvation. I have limited experience with Pagodas specifically, but in general I've found fuel problems tend to reduce/impede operation (typically under load), but not momentarily kill an engine completely, then recover. If a fuel problem is bad enough to kill the engine, chances are you aren't calling a tow truck.