What might be the numbers stamped on the Distributor, or really what's needed, is what are the numbers stamped on the bottom of the Pole Piece in your Distributor and is the Sleeve still in place on the mechanical advance travel limiter pin? The Initial Timing Advance should not be changed without first knowing how much potential total mechanical advance is in the distributor. This must be considered to avoid over advance. Agree, more advance at idle helps many things, but also agree too much initial advance can cause difficult hot starting. So one must first know how much Total Mechanical Advance the Distributor is capable of in order to determine how much advance at idle is enough and not too much. But this is complicated by if the mechanical Advance may already be working some even at idle, which it sometimes does, depending on weights and springs and center cam. So the 'right way' to set the timing advance is at 'high' rpm using a dial back timing light and adjusting the distributor to set Total Advance with the Mechanical Advance all-in and NO Vacuum advance at all, vacuum advance disconnected and plugged. Then whatever the timing advance is at idle is whatever it is. What matters is total advance and all-in by when.
Also, was the top distributor bushing grease well re-packed with grease? Has the distributor been checked for sideplay? Sideplay can reap intermittent havoc with distributor ignitions. That top bushing is not motor oil lubricated, it is only lubricated by the grease well in the distributor housing, and if original 50 years is a long time. Distributor grease well pictured is filled with wheel bearing grease. The correct original GM Grease that should be used in the Distributor top bushing grease well is red and a jar of it is pictured.