Put a timing light on the number one spark plug wire. Start the engine and remove the vacuum advance hose from the distributor and plug the hose with something such as a screw. Loosen the hold down bolt on the distributor just enough where you can turn the distributor. Shine the timing light on the harmonic balancer and notice the mark in reference to the index mounted to the timing chain cover. It shows degrees before and after a center line which is Zero or top dead center. Rotate the distributor slightly in each direction, and notice how the timing mark moves on the index. Turning the distributor counter clock wise advances the timing. Clockwise retards it. When the line on the harmonic balancer is lined up with four marks advance on the index, tighten the distributor and you're done. Reconnect the vacuum hose and remove the timing light, and go.
It varies from 4 degrees to 8 degrees before top dead center. I always set them at 8 degrees before top dead center regardless of which 350 it is from that era with the exception of the LT-1.
6 degrees BTDC
4 degrees before top dead center / BTDC
8 degrees before top dead center.
The timing should be set at 12 degrees before top dead center. If this is a Canadian heavy duty engine, it should be set at 2 degrees after top dead center.
6 to 8 degrees before top dead center. STOCK ENGINE
8 degrees before top dead center.
8 to 10 degrees BTDC / before top dead center.
6 degrees before top dead center on the 305 TPI
10 degrees before top dead center.
6 to 8 degrees BTDC, Before top dead center
8 Degrees BTDC. ( before top dead center )