It is not "timed" vacuum, but "ported" vacuum. It started being used in the 60's when emissions became a factor. Using manifold vacuum causes the distributor to be fully advanced at idle. This causes an increase in emissions.
By "porting" the vacuum, timing is retarded to presets during idle reducing emissions. This is done by having a vacuum port above the throttle plates connected to a dedicated port. During idle, the port is closed to manifold vacuum, and when the throttle plates are open, the port is exposed to manifold vacuum advancing the timing.
If you have used the Edelbrock carbs, there will be two vacuum ports in the base. One is ported, and the other is not. Holleys usually have the port up on the side of the metering block. Also, carburetors used on emission controlled vehicles are different than the earlier carbs as they are designed to operate with the huge vacuum leak associated with the PCV valve. This connection is usually the large port in the base of the carb.
shady