I thought I'd bring this back up because I just got done going through setting up the Mallory dual point in my car after changing points. First of all, the instruction sheet that came with the distributor said that total dwell should be between 31 and 35 degrees which can be obtained by setting the point gaps to .022". I did this, and the engine did not run as well as it did before. Over the next couple of days, I pulled the distributor and reset the points several times to try to get it right. As an aside, the points were extremely difficult to adjust, mainly because the distributor and points set (genuine Mallory, BTW) lack the slots that you insert a screwdriver in to precisely move the points. I could not get it to run right, so I finally broke down and bought an old "Accurate" brand dwell/tach meter off eBay. When it showed up, I put it on the distributor, and lo and behold, the dwell was sitting at a paltry 22 degrees. Obviously, something was wrong. To make a long story short, I changed point gaps a couple of more times, finally setting them at .018", which resulted in a dwell reading of 33 degrees. The car now runs better than it ever did. In the final analysis, setting the points on one of these is a tedious, difficult job, but if you get it right, the results are worth it. Given the variance between the point gap given in the instructions and what actually produced the proper dwell, I would say that a dwell meter is essential to get the points set right.
As someone mentioned above, the vacuum advance starts to come in at idle speed (600 RPM in my case) making the factory timing marks questionable. I finished this procedure by setting the timing using a vacuum gauge. Once it's running, advance the ignition until the vacuum gauge reads the highest, and the retard it just a little, until the vacuum reading starts to drop. That should get you to a reasonable initial advance. I use this technique to set the initial advance on all modified engines I have, because changing cams, compression, and other factors alters the proper settings from factory specs. Once you have the initial advance set properly, you should check for total advance, which may involve making some internal changes to the distributor if it is not correct. However, that's a subject for another day. Some late Mallory distributors come with an advance curve that can be adjusted using a plastic "key" that you insert in the breaker plate to limit the advance. If this is not set right, the distributor may have a total advance built in of 36 degrees, instead of the 22-24 degrees that works best with a flathead. When I dug out the instructions for my distributor, I found the sheet that describes how to use this "key" if anyone needs it.