You are right - it did have significant rpm drop during first drives after install. But I did advance the initial timing a bit from 10* to 14*-16* range, and richened it up a little (about a 1/2 turn out)
(I also adjusted the choke and fast idle too) and it's running about 800 in gear when warm, then about 1200 in park.
Can you describe how to "tailor the mechanical advance?" Thanks!