Dwell is the amount of duration that the points are closed. It is normally expressed in degrees. It is partly a function of how wide the gap is set on the points, and partly a design function of the distributor cam lobes. You can control the dwell by adjusting the points, and then checking with a dwell meter. If the dwell is correct, the points are properly gapped. If you are confident in your point gapping ability, the dwell test is redundant.
As the distributor rotates, the points open and close, triggering the spark. The points must be closed long enough for the coil to build up enough energy for the next spark, a smaller gap allows a longer dwell time for this to happen. But, if the gap is too small, then the points won't open far enough to make a clean break of the primary current, so a compromise had to be reached. Most systems use somewhere between .015"-.025". That is read as fifteen to twentyfive thousandths of an inch. Always set the dwell (point gap) first, then adjust the timing as changing the gap will alter the timing. I don't have the specs for your engine here, maybe someone else can help?
Joe