I have a 1958 XLCH. Being the first year of the XLCH (XL introduced in '57) and somewhat of an experimental race bike (only 239 built at the request of the California Dealer's Association), mine has a magneto, without consideration towards any kind of timing advance or retard. The factory setting is 45* BTDC.
AND..... If not set dead on or pretty darn close to it, you could expect prolonged periods of kicking and the profanity laden tyrades that go with it, not to mention possible injury.
Ever heard stories of riders being thrown over the handlebars, this is the bike that perpetrated those stories, although, it is far more likely to break your ankle, leaving you hobbled where you stand. To avoid either of these scenarios, each kick must be followed through completely and held at the bottom of it's stroke. Hyperextending your knee is also common, occurring anytime a commited stroke is initiated with the kicker in it's absolute highest position. After that experience, you'll not likely be lured into the temptation of trying to take advantage of maximum rotation... That is until you become complacent or too comfortable. One lapse and you're quickly reminded.