With a feeler gauge set them to .013 - .019. GM engines with points have the benefit of being able to set the points with a dwell gauge with the car running. That's what the trap door is in the distributor cap, access to an allen set screw. Setting with a dwell is much more accurate.
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More pictures of my former Goat:
http://www.barrett-jackson.com/appli.../w_search.aspx
My old car is listed in the 2007 Scottsdale Auction, Lot #1016 - $60K
And in the 2008 Scottsdale auction, Lot #960 - $80K
Eventually sold by Brighton Motor Sports in Scottsdale, AZ -$89,900
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