I never was able (probably out of ignorance) to measure the dwell (the angle through which the distributor cam rotates while the points are closed) on my standard distributor using my Allen-Tune Model 50-514 Dwell/Tach meter, although when I ran a Mallory distributor, the Dwell/Tach meter would work, albeit I had (as memory serves) to divide (multiply?) the reading by 2 inasmuch as the 50-514 was only set up for 6- or 8-cylinder engines. As I recall, at least on my SBC's (283's and 327's, always in a Chevy and not a Model A) the dwell specification was 28 to 32 degrees, so, depending on the distributor cam profile and the point gap (reducing the gap will increase the dwell) if you did want to set your point gap by measuring the dwell, it ought to be somewhere around 45 +/-degrees. (If this isn't correct, someone more knowledgeable will chime in.)
However, (a) I wouldn't rely on this and (b) as fordgarage correctly pointed out above, set the gap and then the timing. It isn't that difficult and works pretty well.
And, lastly (and depending on the quality of your distributor cam, the tightness of the upper distributor plate and the condition of the distributor bushings) do not rely on just one lobe to set the points. Instead, pick a lobe, set the point gap (after ensuring the points are reasonably clean and "polished" and are parallel to each other when closed) and then measure the resulting gap at the other three lobes. You might be surprised to discover the variance from lobe to lobe.