Rotor phasing:
Take an old but usable dizzy cap,drill a decent sized hole between the coil terminal and the #1 tower (say 1/2" or 5/8")and paint a white stripe(paint pen/white out) on the rotor from the center contact (on the plastic part, not the metal) to the outer end that "throws" the spark.Install this cap in place or your "good" one.Set up your timing light as normal.Run the engine up until the timing stops advancing (mine is "all in" at 3K) and shoot the light at the hole you made in the cap.You should see your mark pretty close to dead center in the hole.This means the mag pickup/reluctor/points/crank trigger/telegraph what-have you is being triggered at the approximate correct time for the ignition spark generated to have the rotor in line
with #1 spark plug terminal and fire that cylinder(as well as the rest)in a timely manner.
If it's way off, the spark is having to jump forwards or backwards to fire that terminal, savvy? I won't go in to how to correct this, unless someone asks...
Rapid, feel free to add in here if I missed anything.
Bear