The B series was a bit fussy about fuel it really preffered the much mourned
5 star, as for timing star at 10 deg BTDC and retard it a tiny bit at a time untl it stops pinking -- pinking is usually associated with low to medium rpm at full throttle to test for pinking warn the car up and ascend a hill in a high gear with full throttle from low(ish) RPM. If you hear a tinkling sound retard the ignition by degree increments until it just stops - then retard by an extra degree for safety.Aviod excessively retarding the ignition as excessively retarded ignition can lead to over heating and running on due to the increase in heat rejected to the cylinder walls. Ignition timing should always be before TDC if you find the timing approaching TDC you may want to consider using an octane booster or lowering the compresion.