GM HEI is not a good fit for an F in a Land Cruiser. Like Weber carburetors, or throttle barrel injection systems, they were never designed for those engines.
It is like, 50-years of heritage is all in the way of these performance upgrades, right? It started in the scrap yards before plastic money could be spent on the internet. But now, it seems either outdated, or you'll need a dyno to see any kind of results.
On the flip-side, maybe. When the intake charge is pressurized less, like when the throttle is barely above idle, there will be less compression pressure performed by the piston. So, the vacuum advance gives it a bit more time to burn when connected to a 'ported' vacuum type carburetor. I get it, in theory. And with more pressure, you have greater temps and combustion opportunity, according to the ideal gas law. Get your timing too advanced, and the cylinder will create pressurize on the compression stroke instead of the power stroke, and you'll introduce parasitic loss (the piston was still traveling up when the cylinder pressurized from the ignition). What the stock distributor, or swapped-in HEI, has as far as an centrifugal advance spark-curve remains elusive, depite the wealth of internet knowledge. The only factor that seems to improve performance on these engines is a warm carburetor, in my experience.
Straight vacuum advance was ditched by the 1980's because OEMs figured out how to deal with fuel better. Or, like my Datsun Z24, they simply used two spark plugs per cylinder (two flame-fronts set on a collision course), two coils, and fired in the combustion chamber in sync. One of the coils could be electronically controlled (on or off) to control the rate of combustion without pressurizing the cylinder on the intake stroke using vacuum spark advance, like at idle. The engine could be static timed at 3 deg. btdc because they were no longer using just a simple vac advance system that was common in the 1960's.
I'm happy with my new Nippon Denso F-distributor with vac advance, and semi-electronic (igniter) circuitry.