Jay, Yes, it's not so much obsolete as not current with modified engines, distributors and fuel octane ratings. When the Muir books were written, all of our cars ran on leaded fuel and what we call Premium octane fuel today has octane ratings below regular leaded fuel of yesteryear.
I usually take a small chisel and mark the outer edge of the pulley at 28 degrees Before Top Dead Center. Since this procedure is new to you, have someone hold the throttle open at about 3,000 to 3,500 RPM's. This ensures that full advance is achieved by the centrifugal advance of your distributor. Move the distributor so the 28 lines up exactly where the engine case splits and lock down the distributor. Always do it this way to ensure that your engine doesn't advance too much and then detonate.