On a side note, if you are concerned about WOT and total advance, consider checking out the mechanical advance as that has more of an effect on wide open runs. I was lead to believe the vacuum timing unit was more for cruising manners at partial throttle.
The advance arms will have a 15 or 10 stamped on them if I remember correctly. If the 15 arm is used, thats 15*2=30 degrees timing added onto initial. My carb had a 13 and 18 arm on it for some odd reason, and I was getting 36 degrees added onto my initial.
If you are trying to get more peak power at the tip of the RPM range of the engine, I suggest looking into setting up your mechanical advance curve as well for a more aggressive timing curve.
Back to your post, the spark advance you got is obviously of the adjustable type. The adjustment will just change how the timing advance is brought on due to the load on the engine, and in turn affect the responsiveness of the engine either for better or worse depending on how you tune it. Or at least thats what I was taught, someone correct me if I am wrong.