The MP distributor adjustement does not have to be trial and error. The advance mechanism is made by Mallory and Mallory Distributor Tuning Kit #29014 (available form Summit or Jegs) works on the MP distributor, it's also part numbered under a MP number in the latest catalogs.
The kit has spacers in 2 degree increments. Pick the spacer in the amount of advance you want, loosen the lock screws, insert the spacer, move the stop against the spacer and lock down the screws.
The kit also comes with a selection of springs. On the instruction sheet charts look at the amount of timing you just set in the advance and go across to the rpm you want it in at and install the corrosponding springs for that combo. There will be a couple of choices on the springs based on whether you want a fairly linear curve or a two step curve.
Certainly not as convenient as the under the rotor bushings of the MSD but a much finer range of adjustments is available.