new to me engine - what to do with it ?

10* as per factory spec , That's where the po has it , I will be changing that though , I just got my vac tool today and am waiting for my new ignition to show up then adjusting I will go....

Thats pretty odd. Both my 86 and my friends 85 call for 16 via the sticker on the hood. That may be because theyre emissions trucks though too.