krust i appreciate your efforts but i think setting the piston timing at 3.49mm before tdc seems to be a little to much advancement. they don't recommend anything over 2.2mm and that is on the edge according to pvl. here is what it said in pvl manual.
Section 4: TIMING SPECIFICATIONS: Engine timing is directly related to the compression of the engine. The higher the compression, the less advance (as in advance of the piston’s arrival at top dead center or highest position) can be used for the timing position. To get more bottom end, advance the timing from the recommended range. Since the exhaust pipe, carburetor, cylinder porting, and cylinder head design are all tied to the amount of heat that an engine makes, they must be taken into consideration when setting the engine’s timing. It’s all about heat that is generated in the engine’s combustion chamber. An engine burning a specific fuel can only tolerate a certain amount of heat, and all of the above mentioned factors are related to this heat. Since the ignition timing and its effect on that heat are directly related to the engine’s longevity, it is critical that you get it right. Too much and you toast the engine, too little and you are giving up horsepower. Gasoline and alcohol (methanol) have different figures due to their burn characteristics. Generally, alcohol burns slower than gasoline and needs more heat. This can be accomplished in one of two ways - advance the timing or up the compression. You still can only have so much heat for the engine to operate. The following timing specifications are offered only as a starting point guideline! To determine whether your system is Analog or Digital, compare your part numbers to those listed in the PVL Components Testing Chart on page 4 of these instructions.


Engine Displacement in Standard Form*


Analog System(BTDC)
Millimeters / Thousandths*
Millimeters x .039 = Thousandths

Open Class Engines
2.2 to 2.4 mm = 85 – 93th
Modified engines (higher compression) will need to use timing that is retarded from the above figures. **Engine, carburetor or pipe modifications necessitate experimenting with the timing.