As posted, the manual says to time the engine off the the BB at 450-550 rpm.
The BB is 2 degrees BTDC whereas the UTC is TDC.
I played around with timing to max vacuum and also at max advance (35 -40 degrees BTDC @ 2500-3000 rpm) and have determined my 49 216 runs best timed off the BB and with the octane adjustment set at "0" like the manual says.