As Noel says, the valve timings will be very approximately
Inlet opens about 5 degrees btdc, closes about 5 degres abdc (Allows for inertia of the gas column )
Exhaust opens about tdc or maybe upto 5 degrees btdc, closes about 5 degrees abdc (as above – gas inertia)
Overlap tends to be more important in high speed, high performance engines.
Ignition should be just a few degrees btdc, (Less for a slow revving engine ) to allow time for the ignition process to get under way. Exact timing will depend upon mixture strength and engine speed. Weak mixtures burn more slowly.
Suggest that you set the valve events first, and then adjust ignition timing to optimise performance.
Do not over advance, this produces excessive cylinder pressures, and can adversely affect perfornace and fuel consumption; not to mention over stressing bearings, con rods etc.
HTH
Howard