Bigwolf is correct. The factory base timing is appr 3º. I checked it years ago when this trigger wheel 'thing' was new. Just a suggestion, personally I would limit your filing to about .020" especially if you live in a cooler climate.
OOPS!!!
Just this morning had a buddy in our machine shop file it down .030.
As I see it I can always rotate it back a tad if it's too much.
I live in S. Texas and, yeah, it gets down to a bone chillin' 40* at times during the winter (that's 20* too cold for me)!!!
Little side note:
When I pulled this TW off last night I noticed a bit of slack/play between the crankshaft slot and the TW tab. And the TW was as far back (retarded) as it could be. Not that much difference, maybe a degree I'd assume.
Before I disassembled I checked the timing so when I go back I'll see how much of an advance this is.