For what it's worth.
There are two different areas that we are dealing with here.
The points plate which the points are attached to. It is normally held in position by several screws.
This is the plate that is rotated to time the opening of the points.
The second is the rotating shaft which has the points cam attached to it.
This points cam can rotate on its shaft and its rotation is controlled by several spring loaded weights.
As these weights move outward against the spring pressure, the cam is rotated to a position that is advanced.
When the engine is idling the springs keep the weights pulled inward which positions the points cam so it just begins to open the ignition points with the piston at 0.8mm BTDC.
With the engine running at speeds above idle, the weights begin to move outward, rotating the points cam so the ignition happens further ahead of 0.8mm BTDC.
At higher engine speeds the weights are thrown out to the limits of their travel which moves the points cam to a position where the points open with the piston at 8.5mm BTDC.
If one wants to adjust the ignition points opening to agree with this 8.5mm advance, the weights must be moved outward against the spring pressure and held there while the points plate is rotated.
If one wants to adjust the ignition points opening for the idle speed, they use the 0.8mm BTDC piston location and they don't try to rotate the weights outward. Just leave the weights alone and let the springs keep them inward.
Normally, the ignition points are closed. That is, electrical power from the coil is traveling down thru the wire that connects to the points movable arm. This completes the electrical circuit and allows the ignition coil to charge up.
As the piston approaches TDC, the points cam opens the points, interrupting the electrical flow to ground.
The sudden lack of power causes the charged magnetic field that has developed in the ignition coil to collapse. This creates an electrical charge of tens of thousands of volts to be created in the ignition coils secondary windings. This high voltage fires the spark plug.
Now that I've gone thru the basics, it should be obvious that with the ignition points closed (as they are most of the time), attaching a light bulb or volt meter to the movable arm of the points and the other light wire or volt meter wire to ground will do nothing.
The light won't light or the volt meter won't show any voltage because it is easier for the electrical power to just go thru the points to ground than it is for it to go thru the light bulb or the volt meter.
With the piston set to whichever position it is that you want to set the points to open at, if one now loosens the points plate screws and begins to rotate the plate, a position will be found where the points cam just begin to open the points.
As the points start to open, suddenly, the light will light or the volt meter will begin to show voltage.
This is the place you want the points to open so, tighten the points plate screws.
Hope this helps.