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First remove the distributor cap. Make sure the key is turned off, it is best to remove the key. Turn the engine by using the belt that goes to the crankshaft. Look at the distributor while slowly turning the engine, when the lobe on the shaft fully opens the gap on the points stop turning the engine, with the points fully open use a gauge, set to the correct gap, and insert it between the gap in the points, if it fits tight the gap is correct, if not loosen, don't remove, the two screws holding the points in the distributor, put the gauge between the points and tighten the screws. Remove the gauge and insert it again, it should fit snug, if it is loose or can't reinserted without prying the points apart loosen the screws and try again.

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Q: How to adjust points on 65 Ford Mustang?
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