Yup, now you got it. Exactly correct, except I would say the sweet spot is 36* for a Chevy V8, which is why I like 16+20 (or with 21 mechanical, 15+21) to get 36.
Limit the VA to somewhere in the 12-15 range. Stock is, I think, 15.
The bog now is in your mixture, I think. Get that meter...