It's a starting point, sort out the fuel (VE table hits lambda target) with that ignition map.
You'll notice where the torque peak is from the VE map, you can be more careful at that point. Where VE drops at higher rpm you can usually add in many degrees more.
Run at least 30 degrees timing at 20-60 kPa from 2000-3500 rpm. This is where the fuel economy comes in.
Rarely visited load cells, but above 3500 rpm and below 80 kPa, at no point should you be lower than 30 degrees. 35-40 degrees at 20-40 kPa is more likely.
When you aim for 500 hp/tq without the horrible 745 turbo gear, here's what you should aim at and it may still be a few degrees conservative (this map is for an M20 turbo engine on pump gasoline). The larger bore on the M30 means you can also use a bit more timing on cruise load.