383 misfire

I've got a issue with one of my 383's. I rebuilt the carb, replaced the plugs and wires and now I have a misfire. Ran a compression check. All cylinders are in the 125 range. Looked at the plugs and 7 of the 8 were firing and tan colored. # 7 looks like it just came out of the box, not firing at all. I thought bad plug, nope. Bad wire, nope. Not wanting to be a parts chaser. Could it be a bad distributor cap?
Author: Newport 66