Timing with the SPOUT connector removed should be 10BTDC. The keyway in the crankshaft will be at 12:00 with the engine at TDC. If you have a distributor, remove th3 SPOUT jumper and then you can remove the coil wire from the center connector on the cap, and place it near a grounded surface. Turn the key to ON, and rotate the distributor to get the coil to fire. You can rotate it 'past' where it would fire, and then rotate it back so it seems the rotor is moving past the pickup. You want the coil to fire about 10 degrees earlier, and you should be able to get pretty close using a piece of cardboard and a protractor. Map out a 90 degree sweep on cardboard, and hold it over the distributor. Note a landmark, and rotate the distributor 10 degrees by eyeball, or do the same on the crankshaft, moving the shaft and then making the distributor fire the coil, then lock it down. You should be able to get within a few degrees, better than guessing.
tom