Ok, these are the things you will need
1) A 12V light. I chose this one because it had easy places to connect alligator clips. The lower the wattage the better too because it's less of a drain on your battery.
2) 2 wires with alligator clips on them
3) 0.014" Feeler gauge. 0.015" and 0.016" will also be helpful too.
Here are the places you will unscrew. A is the points cover and B is the 'right side crank case cover' or dyno cover.
Here's what they look like uncovered.
First let's clean the points. Unscrew the points from the plate by taking off these screws.
You'll also have to unscrew this bolt. Remember how all the parts go. This one will also want to shoot the end washer and bolt off into infinity, so be careful.
Here are the points taken off of the bike. Clean of the points with some fine grit sand paper
Once you've cleaned the points, put them back on the bike. Now you'll adjust the points so that the gap is 0.014" at it's widest opening. Rotate the dyno (explained below) so that the points are at their widest opening. To adjust the opening, you should have a screw (missing in my picture) where there is a thicker yellow arrow. You first loosen the two screws (indicated by the skinny yellow arrows) and then rotate the screw indicated by the thick yellow arrow to open / close the gap of the points.
You can check if you've got it right by trying to put the 0.015" gauge in. You should have to gently force the 0.015" but the 0.014" should slide in easily.
Retighten the screws to lock the points in place. Now we'll work on the timing. Attach one wire to the bolt of the point. Attach the other to the engine case. Both of these should go to the light we bought. We've created our little circuit. (Battery -> Light -> Ground -> Battery)
Now, turn the bike to the on position so you get some electricity flowin. As you crank the bolt in the middle of the dyno, the marks on the dyno will pass the stationary pointer. You should line up the "F" with the golden pointer of justice.
This should begin to slightly open the points. How do you know this is happening? Our light will come on. If it doesn't that means you need to adjust the points plate. Do this by loosening the screws indicated below and rotating the plate.
So now as you rotate the dyno, the light should come on exactly when the golden pointer of justice and the "F" mark line up.
And that's it! Put all the covers back on and you're done! It can be easier to turn the dyno if you take out the spark plugs because then you aren't fighting the compression. Good luck!
Shout out to Ed Moore's timing instructions and everyone who has contributed to this site! It's what enabled me to do this.
