Ah, crap, John, I can't stand these unpleasant exchanges. Let me add some info that might help. Maybe my username or thumbnail misled you. That blown EFI is not the motor in question! This motor (crate GM, Gen I 260 HP version, from Summit) is stock. I pulled a head, used a piston stop and degree wheel to set the timing pointer at TDC, so I know it is accurate. It has a Holley 750, Mallory ignition and the usual bucket headers. And I drove it for some months with a typical timing of 20 initial plus 20 speed. As for methodology, I hooked a big mechanics vacuum gauge to the manifold, and twisted the distributor to maximize the vacuum. I got 20". While doing this, the idle increased several hundred RPM, so I turned it down to 700, lower than it's ever idled nicely before. The temperature stabilized about 10 degrees cooler than usual after some minutes of idling. The smooth running is subjective, but it was quite obvious; without audio I don't think I could tell the engine was running. And I used a Flaming River timing light to read the 45 degrees at the damper.
Now several folks have responded with stories of how they set timing; that's not what I'm asking. I'm asking if 45 initial is so good, why do we run so little? And has anyone done anything like this and gone on to run it on the street? How? So far I've just done this idling.
I tend to question the things "everybody just knows". There are a lot of anecdotal stories, technical myths and old rodder's tales that don't advance our knowledge, and, worse yet, lead us to perpetuate bad design. I can't believe people still argue about slowing water flow so it will "cool properly" in the radiator.
If I can add any info that will help in answering my question, ask away. Let's make some automotive history here.