Vacuum advance will, oddly enough, advance the timing under
load conditions.
If you incorporate the EGR valve vacuum line, you will have no vac adv at idle until the engine reaches operating temps, then the EGR thermal vacuum switch will open, giving you vacuum.
Vacuum Advance
Distributor advance
Both the above links helped me get my head around vac advance(plus some guidance from the regulars on here).
I was the same with my EST. It was functioning, but with a new carby, air filter, extractors, no air pump or EGR, it was getting all the wrong data and running like a pig. I dropped in a reconditioned HEI re-graphed for 98 ULP and whoa baby! Best $200 bucks I've spent yet on the old girl.