Hey Norton.
When I got my dizzy back from Jeff,he said that timing with a light should be 10--14* BTDC at idle speed with the vacuum retard line disconnected and plugged while making the reading. I have a 74 unmodified engine.
I set it like that, but found it lacked the power that it had when I set the timing with a vacuum gauge.
I needed an advance.
My belief is, in my case, the damper marks did not reflect the REAL timing, because of things like stretching of the timing chain, wear in the sprockets, wear in the dizzy drive gears, well, you get the idea with an engine having 100k miles.
I think a vacuum gauge gives a accurate visual indication of how your engine is operating and whether or not the engine likes what you are doing to it.