Just a note on what I exerienced.
The HEI ignition seemed to advance my timing due to the fuel igniting faster I guess, because I had a WOT ping that was not there before the change.
My base timing was still the same 14 degrees so I disconnected the vac advance completely and between the base timing and the weighted advance the total timing is just about 2 degrees before the ping at WOT.
(If I set the base timing at 16 it gets the wide open ping again) and I know for sure it's not running too lean causing the ping.
This is at 5,500 feet elevation on 89 gas.