khan0165 said:
a good place to start is 12 to 14 degrees initial timing (at idle)
this is a helpful video
http://www.youtube.com/watch?v=wifTHbb06_I
watch that video, it's very helpful
depending on how you plan to drive the car, there are a bunch of ways you can go about tuning your timing. And be aware that it will take alot of trial and error to figure out what works, so be patient
the best way to test is at a dyno or at the track, where you have practical numbers to compare. But if that won't be for a while, we need to get you at a starting base line.
first, you need to determine if your vacuum advance is hooked up, and where your time is at right now. Get a timing light... if you're new to this, I suggest a digital one
http://www.equus.com/Product/Diagnostic/timing.html
I was new to this recently, and a digital one really helped me. It gives you lots of information, you don't need a buddy to help you, and there's no guessing how many degrees you're at once you get past 20deg advance.
To get yourself started, go out on a nice weather day, put the car in drive, and punch it off the line. If it struggles, advance the timing a little, if it knocks, back the timing off. Get back in, try again... keep advancing until you hear knocking (it will sound like pinging or marbles in your engine). The idea is to load the engine as much as you can, which will cause the engine to knock a little. This will tell you where the extremes of your engine are.
... once you get to this point, back off the timing just a knudge, try again, see if it knocks, try again until there's no knock thru the whole rpm range.
Now you have a baseline for what your car likes and doesn't like. This is where you can use your timing light to play with how early you can bring in total timing. You can get distributor recurve kits to alter the quickness of your timing advance.
stout chevy's like between 12 to 16, even 18 degrees initial, depending on the aggressiveness of your cam. Using only mechanical advance, a stout chevy likes between 33 and 38 deg, 34 I've found best for many cases. With vacuum advance added, you may be into the 42 to 44 deg range.
now for a real world example... my engine likes 34 deg total with mechanical advance. Vacuum advance is just too much for my engine. But your engine may like vacuum advance. I use the "medium weight" recurve springs, which brings in the 34 deg at 3700rpm. If I bring it in sooner, it will knock on a hot day... if I bring it in later, it'll be happier but make less torque. At 34 deg @ 3700rpm, it lands at between 18deg initial timing @ 850rpm.
... now before you get overwhelmed, you don't need to learn all this right now. I'm just giving you a wide range of ideas. You will get a feel for it once you start experimenting.
I hope this helps, and I hope others will chime in on more/other suggestions.