mine did that, it was timing.
on the dizzy theres a nut - 7/16ths i belive, loosen that off till you can just about turn the dizzy. start the car up and with the engine running turn the dizzy one way and see if the revs rise or fall, if it falls, go the other way. keep turning it till the revs stop rising, then do up the nut. give it a blast down the road and see how it goes after that. after id tweaked mine the flatspot totally dissapeared. although you may need to adjust the idle screw on the carb, its a little stop screw on the side where the throttle cable connects. should be able to adjust with your fingers (mine does anyway, screws about 6mm).
if that doesnt work, id suggest checking the rest of the ignition out, plugs, rotor arm, points, condensor, HT leads & so on. either way, id bet on it being ignition related. if that doesnt solve it id put it down to blocked air filter/carb settings.
good luck
Cheers i'll try doing that - No messing with a timing light and marking pulleys then? Thats what my dad was going to try doing