cranks but will not start, fuel pump pressure is 58, new distr cap and rotor.

The new distributor was installed almost 2 weeks ago and run good in till the other day. I'm thinking that the 58psi on pump is not enough enough to start. I'm also going to pull #1 spark plug and check tdc today if i can stand the cold long enough

Make SURE the distributor has not turned from it's installed position!!!!! Common problem and will result in this trouble you have. Check it!! Turn it and crank engine if you need to. 58 psi on the fuel should be enough. It should have at least started on the either. Let me know if you get it running, more needs to be done after! Need to know which engine also! Just for the heck of it.