On the side fo the distributor, near the top, on the driver's side, find a sliding plate with marks on it lining up with a mark on the distributor case. A small bolt with a screw slot holds it in place. Loosen the bolt. To advance the timing, tap the plate upwards by two marks; each division represents two degrees, so that would be 4 degrees. Tighten the bolt down.
Road test to see if you get any pinging on a hill, or accelerating briskly. If so, back off one division (two degrees).
The vacuum brake is only there to slow down the increase of spark advance during acceleration (low vacuum). It does not affect the spark advance once you are at a steady rpm. With the much better quality of today's fuels, that feature is generally not necessary. Some say you can back off the brake completely; others say keep a light pressure on the brake to stabilize the breaker plate. Probably best to not mess with that now.