Just my 2 cents, guys. I like timing an engine for maximum performance, but there is a "sweet spot" for every tune-up. I helped a friend with a 318-2V Duster spank the HE** out of a 1968 Firebird 350HO. The 2V Carter is a great little carb, and will work like the devil if you tune it right. The ignition timing is another place to experiment, until you have found your personal sweet spot. The tune-up specifications for the 1973 318 are as follows: Spark plug- Champion N-13Y, gapped at .035". I have found that increasing the gap to .045" is very beneficial. Spark plug heat range should be adjusted after you have determined your other settings. Ignition timing is 2 1/2 degrees BTDC in a manual transmission car, and TDC on an automatic-equipped car. This was determined by a desire to decrease engine emissions, and wasn't specified to provide performance. By comparison, the 340 for that year was spec'd out at: 5 degrees BTDC for manual, 2 1/2 degrees BTDC for automatic. Idle speed was supposed to be 750 rpm for manual, and 700 rpm for auto. The 340 was specified at 800 rpm, regardless of transmission. Timing an engine without a timing light is best done with a vacuum gauge- adjust your timing for highest vacuum reading at idle speed, then back off the timing until you lose 2" of vacuum. This is a great starting point for maximum performance tuning, but I have had excellent luck with a good timing light and good sense. 10 degrees is always a good starting point for timing a Chrysler engine, no matter its displacement.