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308 cam timing.

Hi all,
Has anyone ever checked their 308 cam timing with degree wheel and dial gauge. I'd be interested in their findings.
I have a theory that most 308s could do with about half a tooth advance with a good timing chain, and a full tooth with a loose chain.
I once took a 308/Trimatic, VB commodore for a test drive, it had about as much punch off the line as a good 149, and I suspect although the engine seemed in good nick, apart from a bad oil leak at the back of the engine, it had a stretched timing chain, the guy who was selling it said ' to be honest, the reason I'm selling it is because of the fuel it uses', which can be a symptom of late timing.
Thanks.
Matt12.

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