1.Dwell is the REAL measurement; point gap is only a handy reference.
2. As the dizzy gets older, and the shaft vibrates more, the stated point gap of the FSM bears less and less resemblance to what is required to achieve dwell.
3. In all likelihood, you will have to reduce gap well below factory spec to achieve proper dwell. This increases the likelihood that the points will burn prematurely. I had a customer some years ago whose dizzy was SO WORN that gap had to be reduced to .008 to achieve dwell. I told him I didn't think his points would last a week at that setting. They lasted two.
4. Dwell is preset and optimized in the Pertronix; this is one of the many reasons I like the product so much.
Best
Mark A.