All that high tech stuff is not necessary and in fact is a waste of time. I time all my diesel engines [including our 1993 Ducato TD10 1929cc diesel] the same way. Set it up as per the book, camshaft and pump wheel locked and engine crankshaft in the timing position, without disturbing the wheel on the injector pump.
Mine has a cold start cable running from the dash to the pump which when pulled advances it for a cold start. Go for a test drive and advance it using this cable until you find the position at which it seems to run best. Then move the wheel on the pump shaft by that amount so that becomes the normal injection point.
Diesel engines start better slightly advanced especially in cold weather, and may run cleaner, but tend to be noisier when advanced, with a prominent combustion knock. However if retarded they can be harder to start in the cold and short of pulling power, and may smoke more. You need to find the optimum timing point and this can only be found by trial and error.
I hate to praise Ford [Escort, Mondeo 1753 diesel] but their injector pump wheel is a dream for vernier adjustment of the injection point, just slacken 3 small setscrews and move the wheel between 2 stops, retighten and test drive.