Timed should be correct. Speaking of timed, good luck on finding tdc.
As for my Nikki setup, I discovered somebody had adjusted trailing timing for a 25 degree split. I changed it to 10 and the difference was huge. No more low end bog, no more wanting to die at idle, massively improved driveability etc. This car is now ready to serve daily driver status for someone.
Strangely, the vacuum advance hose didn't pull a vacuum at any RPM... so I pulled it. It was probably on the wrong nipple but the car runs so much better now I didn't bother trying to hook it to any others.