If the car is new to you or if there has been any work on the car, then check the timing. First set the points gap to 0.020 when they are at the most open. Turn the engine over by hand with hand crank to get the points to the most open position. Then set the timing using the Ford method and not the wrench method. The points should just be opening with the ignition timing lever fully up. You can move the cam counter clockwise a little bit to check this because of backlash in the tabs and slots that drive the distributor.
If you do no further changes to the car then the timing will not have to be checked again. But wear in the points will change the gap which will change the timing. So check the gap as part of regular maintenance.