Question for clarity on Ignition timing

If anyone can please tell me about how they set the ignition timing in their late 1930s cars. I have been doing it and always set the pointer in the middle between the mark on the fly wheel (as shown in the picture) but I read that "Timing is 5 degrees before topdead center. First on flywheel
ahead of "U.D.C. 1-6" should register pointer at flywheel
inspection hole."
So AM I to take that as I should put the pointer in line with the mark closest to the U.D.C 1-6 ? Or is where I have it set acceptable?
So AM I to take that as I should put the pointer in line with the mark closest to the U.D.C 1-6 ? Or is where I have it set acceptable?

Comments
Would our own resident Wise Old Owl (aka Geoff 😉) concur with that ?
ps 8 CYLINDRES
Cheers, David.