Casey, yes the knurled knob jobbie is called for here. THink of it as a
vernier adjustment - coarse adjustment being turning the dizzy and fine
being tweaking the adjustment on the vacuum capsule shaft.
More the point, static timing it for a default adjustment might be a good
thing. With the ignition off, set the crank to 6BTDC on the compression
stroke. Lay the coil wire 1/4" from a grounded bit of metal and turn the
ignition on. With the pinch bolt snug but not tight, turn the dizzy full
against rotation, then bring it forward slowly.
Lock it down when the coil sparks.
This is a trick the Allison ignition guys told me when I called the tech
support guys asking how to static-time an engine w/their system....
ajr
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