Howdy CC:
Do you nave a good vacuum guage too? If no, put that on your Christmas wish list. Tune you low speed air screw for max vacuum at an idle. As idle speed increases reset the curb idle.
Vacuum cannisters are designed for a specific application from the factory. Cannisters on engines with an Auto trans typically have more than stick engines.
Total advance is a combination of initial, vacuum and centrifugal. Initial is pre-set. Vacuum advance is determined by the engine vacuum and the mechanics built into the cannister- high vacuum= max advance. An engine can use more advance at low load/high vacuum conditions. Centrifugal advance is preset with springs and weights and built into the mechanics in the bottom of your distributor. Low rpm=no advance, higher rpm= more advance, until max is reached at about 3,600 plus rpms. An engine needs more advance as rpms increase.
A typical factory combination might be; initial- 8, vacuum 11 to 16 degrees, centrifugal- 10 - 14 degrees. If you total these up you will get about 30 to 38 degrees. BUT, in actual engine conditions, it just doesn't work like that. For instance, at an idle you will always have the amount of initial, max vacuum and no centrifugal. but at WOT acceleration, you have should have no vacuum and a certain amount of centrifugal advance depending on rpm. At 65 mph, an amount of vacuum and an amount of centrifugal depending on the vacuum signal and rpms. In certain conditions it is possible to achieve max vacuum and centrifugal advance at the same time, but in actuality, it's seldom and unlikely.
Now to your question; Doug covered total advance. To set the initial advance, start by disconnecting the vacuum advance tube and plug it with something like a golf tee. Now point your light at the timing marks. Reset by loosening the set bolt and rotating the distributor body to achieve your desired setting. You're numbers of 12-14 degrees of initial is a good ball park to be in. Each engine will have it's own "best" setting. In this case, best means- most without knock. Whatever your initial setting is, write it down. and dial the timing light back to zero.
Now reconnect the vacuum tube to the distributor to determine the amount of vacuum advance. Typically, the mark will dissappear over the top of the damper. Dial the mark back to zero and read the timing light. Subtract the initial setting amount and the difference will be the amount of vacuum advance your system has.
The only thing left to check is centrifugal advance. This requires a tach, a friend with a steady foot and a graph. Let me know when you're ready for this one.
I do go on. I hope this is what you wanted.
Adios, David