The Americans missed out on that one. The W116 here had the same Djet M110.
check the German /8 ( stracht 8) forums.
/8-Forum
It says this here,
The distributor is adjusted with running engine with 4500 U/Min without unterdruckverstellung (negative pressure hose to take off) to 43 degrees before OT (in /8) or 40 degrees before OT (in the W123). Subsequently, tighten clamping screw for the attachment of the distributor.