Thanks for the explanation 52CARL!
Unfortunately, I can't read the markings on my octane selector.
It's been painted over and all I can see is that it is set in the middle which should be zero.
For my information, looking down at the distributor cap - if I turn the distributor clockwise that should retard the timing. Turning the distributor counter clockwise should advance the timing.
Am I correct??
Here's another update on my noise problem.
At the suggestion of a good friend, I added two cans of WYNNS
to my freshly changed oil. That stuff is really thick and guess what? The noise went away.
I recently changed my oil to 15W-30 oil because I read this in the Service Manual. My friend said it is too thin and I should think about 15-40 or something thicker.
After my WYNNS experience, I think he's right!
Many thanks to all of you who offered help with my noise problem. Guess I'm OK now. I think the noise is a rod bearing but I am going to wait until it comes back before tearing things apart. Maybe I'll pull the motor in the winter.....