You use a dial back timing light. First, hook up the light and slowly rev your engine watching the timing advance. Typically, you want all your advance in by 3000 rpm. What you are watching is the mechanical advance in the distributor. Start out conservative... Chevy owners will have a better idea what may work on your combination, but I would think 32* total in at 3000 rpm is a mild tune. The marks on your dampener don't go that high, that's why you need a dial back timing light. Set the dial at 32*, run the engine up to where the advance stops, then advance or retard the distributor until the strobe is at the zero mark. Take it out and run it. If you have a GPS, that'll help you, but if not, watch your tach at WFO. Bump the advance a degree or two and take it again. Did you pick any more rpm at wide open throttle? If so, bump a hair more and retest looking for more rpm. Run as little advance as you can to give you max rpm to lessen your chances of detonation.