As usual, Jim has the right answer. Here is another method. Do this outside in your driveway. Start with the ignition lever about half way down or less. Use the hand throttle to set the engine speed to a fast idle, about 1,500 rpm. As Jim said advance one notch (click) and if the engine rpm picks up keep advancing one click at a time until the rpm does not pick up. At that point go back (retard) one click. That is your home position, the knee in the advance curve.
If you are pulling a grade or otherwise have a heavy load on the engine, you may want to retard the ignition one click. Experiment with the ignition when pulling the grade to find the knee under that condition.
If you are cruising down a level road at part throttle you may want to advance the ignition one click from the home position. Again, experiment to find the knee under that engine load.
Adjusting the ignition for different conditions is something that you learn to do. After a while it becomes second nature. As the points wear your home position will change. If it changes a lot then it is time to adjust the point gap.