two bills
+1y
Advance your timing a bit too much and put the truck under load in a higher gear. You'll hear it. Kinda like a rattle under the hood. If you're timing is set just before spark knock you've got a maximum advance. One way we used to do it was to advance the timing 'till spark knock, w/regular gas, then fill it w/high test. Take's three or four tries sometimes. Save the money for the timing light and buy a compression tester. More info for the buck.
To do a compression test simply pull all plugs, screw the guage into each cylinder, hold the throttle open, and crank the engine 6 or 8 times. Do all 4 cylinders, record the numbers, then squirt a shot of oil into the cylinders, one at a time, and redo the test. Record the numbers. All cylinders s/b within 10% or so of each other and 140 or 150+ psi (healthy engine). The oil test will give you an aproximation of the condition of the rings, since the oil will temporarly seal the rings.
A vacuum guage will also give you a multitude of info. Usually comes w/an indicator chart. A solid 20 psi is good. If you've got a leak you'll see it on the guage. I've always got some sort of vacuum guage stuck to my dash.