Do it as per what the manufacture recomends ..
If you do the timing at 5 deg with the hoses connected you will find it quite sluggish especially if you stamp on the loud pedal low down as you will pull 5 degress straight out of the timing...
I personally usually add a couple of degrees to the basic timing as well, but just keep an ear out for any pinging after you have done the adjustements & obviously back it off if you hear any ..
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