Many years ago, I read an article that said you can find the optimum timing in a small block Chevy with a vacuum gage by turning the distributor in very small and slow increments until it gets to maximum vacuum, then back it off until the vacuum drops 1 inch. I cannot remeber the recommended RPM for this, but I think it was around a grand.
20 or so years ago, when I was a true gearhead, and fooling around with all combinations of heads, cams, etc. I found this method to be very good. I watched and recorded fuel mileage for over a year in my 68 Chevelle, after a slight upgrade in heads, cam, intake, carb, and headers. After a year of turning the distributor in tiny increments and recording the results, I ended up with the same setting as the vacuum gage method that took about 15 minutes.
Bo
P.S. For those of you who have any idea who I am, the body goes back on my 65 Stingray Convert this week. It will sit on top of a totally rebuilt chassis (with all the new technology: this is not a restoration), with a professionally built SB up front. Much, if not all, of the engine fixings came from recommendations made to me by "Tom" in this forum. The frame also sports a removable cross member under the tranny, also from this forum.
Thanks to all.