Gentlemen,
Thank you for kind help!
To recap:
1. I go and set the ignition timing at 38 BTDC at 3000rpm. Will check then at what points timing is for other rpm values, to note.
2. I keep the dwell as it is (spot on specs).
3. Work with air and fuel then (split linkage test, linkage tour procedure) ot get even idle
Let me try that, thank you. It will take some time as the weather "stabilzed" here and it is wet and not nice - with car right after restoration I am trying to avoid driving it in such weather.
I do use dwell meter to set the dwell. I use the gauge for gap initially, then fine tune the dwell using the dwell meter. I discovered that if I use 0,5mm gauge and I then I tighten the screw, I get ideal dwell.
As for the contact points (thank you for this comment) - it is the second set I have and I changed it for the reason you mentioned - not being sure if the new one is ok. I will look again for visible wear of points - so I hope this is what I can do to eliminate contact points as a cause. I do use Bosch. I am also aware that Bosch had a faulty production lot some time ago, but those contact points just stopped working after some time (Bosch guy said: it is for the oldtimers - how many miles can they do a year?). On high rpm my car runs very well.
Having said that - if the above does not work, I will look again at replacing contact points, because we also thought of contact points as a potential cause of trouble.
Thank you again for your kind advise!
Pawel