Hello Woodie,
you need an accurate mark on the front pulley to do stroboscopic or static timing. You can set the timing by trial and error but to check the mechanical advance you need some mark and when using the timing light, rev the engine and see how much the mark moves. If you have a light with a variable angle dial you can measure the advance variance from idle to say above 5,000 rpm, which should be in the order of 22 degrees or so. (Check your manual for the specific advance)
Static timing is easy to do as long as you have a mark on the front pulley, set the engine to what the static timing is, and with the ignition on, the points should just be opening. You can check this with a meter across the points or a test lamp. Loosen the distributor clamp and rotate the distributor, backwards and forwards slightly until the meter just reads 12v or the lamp lights, then tighten the clamp. You are looking to get the point where the points are just opening which is where the meter just picks up or the lamp just lights. That's it.
Alec