Yes. Really. Stock engines can deal with high initial timing because they have low cylinder pressure. That's why engines with high static compression need less initial timing.
It's perfectly normal to have total timing including vacuum in the 60* range at part throttle. Vacuum cans typically pull in around 20* or so.
Perfect example. My stone stock 351M Ford has 21* initial timing at idle. Starts just fine when hot. Has total initial + mechanical of 34*, PLUS whatever the vacuum can pulls in. Runs like a top. Lower compression engines NEED more timing.
Everyone seems to think high initial timing is a "hot rod motor" thing. It's not. A real hot rod motor with higher static compression needs less initial timing since it has higher static compression and higher cylinder pressure.