Hi.. I just got a timing light.. but haven't ever adjusted my timing... I'm not really sure how... but it is something I want to learn how to do.. I have heard it is pretty easy.. something to do with rotating the distributor.. and the crank pulley or something..
Paint the mark on the harmonic balancer with paint -choose 10* or 14* or something else if You have NO2 or other power adder.
Remove the SPOUT connector (do a search if you want a picture of the SPOUT connector) It is the 2 pin rectangular plug on the distributor wiring harness. Only the EFI Mustang engines have a SPOUT. If yours is not EFI, check for a SPOUT: if you don’t find one, skip any instructions regarding the SPOUT Warning: there are only two places the spout should be when you time the engine. The first place is in your pocket while you are setting the timing and the second is back in the harness when you finish. The little bugger is too easy to lose and too hard to find a replacement.
Connect timing light up to battery & #1 spark plug.
Start engine, loosen distributor hold down with a 1/2" universal socket. Shine the timing light on the marks and turn the distributor until the mark lines up with the edge of the timing pointer. Tighten down the distributor hold down bolt, Replace the SPOUT connector and you are done.