If it runs "OK", then you are probably between 10* and 30* advanced, at idle. If it doesn't rattle on light acceleration then you are probably between 10 and 20* advanced.
If it doesn't have any tip-in issues with a proper T-port sync, Then you are probably close to 12* advanced.
Now as to why your light can't prove it, IDK. Unless you also have an MSD ignition system, and you are using a dial-back lite . Those two are not compatible. And some tachs also interfere with the lite. And the obvious Question is; are you sure you got the firing order correct? 18436572; #1 is the drivers side front.