I changed mine by marking the crankshaft damper at TDC and then placing a mark on it that corresponded to 3. 5 deg advance so as to take from 12. 5 to 16. I read about some others on TDR doing the same and so decided to try it. I am convinced that I got to a point 3. 5 degress advanced from where it was. Checked by referencing damper position with the pump pinned and then observing how far the damper is from TDC. What I don't know is if that is actually 16 degrees. I suppose due to wear the pump may not be giving the delivery valve lift that corresponds to 12. 5 degrees at the same rotation point that it did when new. All I did was reference the original 12. 5 degrees (so they say) on the pump. I don't worry much about all that because:
I got the expected results for 3. 5 degrees of advance. I get less smoky starts when cold, it pulls smooth right off whereas it used to run like a over choked gas engine for half a block or so, even in warm weather. And a genuine 1. 5 mpg increase WOW. Tracked over past 2K miles. Never got that good before. One 900 mile trip got 24 MPG cruising at 60MPH. I did get 23 on that same trip a few years ago.
If I had the gauges I would use them but I am convinced I have helped the truck without them. A really strong gear puller is a must and a basic understanding of the mechanics will go a long way. Once I decided to go for it, it wasn't the big deal I was expecting by listening to all the talk about it.