The vacuum advance should hook up right next to the idle mixture screw ( radiator side, at the base of the carburater). This is a full time vacuum port, about 18 to 20 inches of vacuum.
Depending on the octane of your fuel, set the timing at 6 to 8 degrees before TDC. Remember to not hook up the advance till after you set the timing.
The idle speed screw is on the firewall side of the carburater around the linkage. Most of the Mono-jets have the idle screw head towards the valve cover, down towards the base of the carburater, some have a electric solenoid that controls the idle speed but it adjusts the same way. Automatic transmissions set at 650 rpm and manuals around 750 rpm. Its mostly by feel and how it goes into gear.
While you are messing with the carburater, you should set the mixture screw. Start by shutting off engine, then turn the screw all the way in till it stops (GO EASY), then back it out two full turns. Start engine and let it settle down, then slowly turn the screw in till the rpm starts to drop or engine sounds bad. Turn it back out till it runs smooth and as fast as it can. You may have to go in and aout a few times till you get a feel for it. Eather way, in or out, shouldn't be but about 3/4 of turn from the 2 turn starting out point. With this set for max rpm, you can now reset your idle speed! You can also use a vacuum gauge when setting the mixture. Just use a "T" fitting and hook it in line with the vacuum advance, then set mixture for maximum vacuum. Both maximum vacuum and rpm should be at the same spot.
Joe