You need a timing strobe, not one you borrowed after raving with Mampi Swift, Dj Markey or Andy C LOL.
It only triggers when there is a spark on Plug 1 (every other spin of the crank as Sorum reminded me

).
You point the strobe at the flywheel (after removing the rubber bung from the bell housing).
Then the timing mark on the flywheel appears stationary and aligns with the timing scale stamped on the gearbox (usually 5 10 15 IIR) meaning however many degrees btdc it's acutely firing at.
You may find it helpful to put a small blob of tipex on the timing mark, but stop the engine first as it's only an illusion the mark is still

.
Set timing in the usual way till you get what you should need

. that's twist the distributor to you and I, and wonder what the difference is between a couple of degrees. :slayer:
This is where you wish you'd marked up the exact position of the dizzy before starting and decide it's a good time to scribe a line in for reference next time
Have a good read of how to wire it in with the instructions (if you get any :devil

.
I think it can be fired at the crank or cam pulley but I remember someone saying you get a different reading

.