With 30 degrees timing the vacuum is still reading low/late timing.
Your timing is fighting itself (and you). The following assumes the distributor is functional, installed properly, and both points sets adjusted properly.
In order to avoid pulling your hair or causing problems, look at distributor timing as 4 sections:
- base timing (warm curb idle)
- centrifugal advance (increasing with rpm)
- total timing (wide-open high-rpm "all-in")
- vacuum timing (partial throttle added advance when distributor vacuum is present).
They each depend on each other. Note that if 1, 2 or 3 is changed, the others will change. So, if you change one, you have to change others before you're done and drive.
Example - if base timing(1) is 15°, and centrifugal(2) is 21, the total(3) is 36°.
If you change base timing(1) to 10°, and leave centrifugal(2) alone, total timing(3) is now 31°.
Bad. To run 10° base timing(1), we change centrifugal(2) to 26°, and total(3) is back to 36°.
YES, you can change base timing(1) to test a specific area as it affects all areas, but once the best timing is found for the target area, the others should be altered to maintain their original or best values. This avoids pooching the other areas when changing one of them. I suggest setting initial timing on
first start by the total(3) (say, 36°),
regardless of the idle timing. To do this I verify timing marks (or timing tape) to at least 50° BTC, disconnect and plug vacuum, strap or chock and start in P or neutral. Set any reasonable base timing(1) (10°-14°) for warmup. Adjust idle for reasonable rpm as it warms.
Watching timing with the timing light, I smoothly rev the engine until no more centrifugal(2) advance is added, then set the total timing(3) at that point, e.g., 36°. Let it idle-down, set warm idle rpm, and check the
idle timing(1) that results. Now you know
actual #1 and #3 as the distributor is set now, and can work from that baseline. Leave vacuum(4) disconnected until 1, 2 and 3 are set to best values, then you can tune vacuum advance on ported vacuum. To use manifold vacuum will require additional adjustments of 1-3. Hope that helps as a first high-level overview procedure.
[EDIT adding Holley centrifugal advance limiter bushing chart}