Thanks for all the input! I think the rubber tube/hose idea is grand! A piece of heater hose will likely do the trick, as long has it is cut long enough so it does not get sucked into the cases by the flywheel! It would be a real pain to get out of there, and would likely clog up the oil pump breather...
I use a simple test light when I am running the points and it is dirt simple to set them that way, but I want to use this other timer base plate to run an electronic ignition on, so I can easily swap them out. It has lines for static timing, but I have had trouble with it before so I am trying a few suggestions for it.
Barry '55 KH