cheers for reply, Valvers are K-Jet though!!!

So my valver is currently timed (ignition) at factory 6BTDC. I've got a P&P head with 270 Pipers. Just had MOT done and CO was read at 0.8%!! I had this set at 2% a few months back so it must have drifted out.
It is running great, but I know it has a lot more potential to GO! Really it needs a RR i know!
If I was to advance to say 7BTDC would I need to increase the CO as well?