It all depends on local and environmental conditions. For example, at altitude it will take much more advance. If you have higher compression (or sometimes just carbon build-up on your head) it needs less advance. If it's fully de-smogged, it needs advance sooner than the stock advance curve.
I live at only 900' of elevation, and my 2F is completely de-smogged, running a big-cap FJ60 distributor that has been re-curved (for de-smog) by Jim C. My base timing is 10-12 degrees BTDC, but with my (stock for 1980 US truck) high-altitude compensation system still intact, it will be way up there at full advance over 5,000' elevation.
But the real answer to your question is, you can run as much advance as your engine in your location will take without pinging under load. That is how I time all of my older vehicles with distributors - no timing light, just keep advancing the timing a bit at a time until it just starts to ping under load, then back it off to the last setting before that. Use a dial-back timing light if you want to know exactly where that ends up being.