You cannot trust a timing tape unless you have absolutely positively verified tdc.
There are two types of advance, centrifigual, controlled bu the weighs and springs in the distributor, and vacuum controlled by the diaphram and its internal springs. Vacuum has two subcatagories, manifold and carb port. Optimal Y block timing (like all others) depends on the heads used, compression ratio, and cam shaft. The old Hipo FE engines liked 18 initial, 38-40 total all centrifiugal and all in a little over 2000 rpm. This is safe at wide open throttle with good fuel. Add a vacuum advance for part throttle cruise and you might easily see annother 20 degrees of advance and 11/2 to 2 mpg better mileage. Looking at total advance with the engine unloaded is a waste of time. If you want to really get into it use a vacuum gague to determine engine at either the carb or the manifold at various cruise speeds, up and down hills etc. Then use a hand vacuum pump attached to the distributor to determine what your setup is doing. make adjustments on your cars needs and the componets on the car.
Bottom line. You say your car runs great. Why worry if it is not pinging or detonating. It is fine. Could better advance curves be developed? Quite possibly. Is it worth the effort? That is up to you.
There are guys around that specialize in distibutor work. It is both an art and science.
It has been my experience Ford was really fumbling around (badly) with Y ignition curves. I completely redid my Tbird ignition, limiting the centrifigual advance and modifying the vacuum advance.