Hi Bushy,
Your mag cam ring will give you two different values on the points gap due to uneven cam ring grinding.
(Mass produced and within tolerance back in the fifties)
Even when the unit was new it was almost impossible to get the points to open at the specified .012" each side.
The best way, and the one I have always used, is to get them to open at an average, so if one side is open at say .012 and the other at .016 the you can adjust the points to attain a gap of .014 both sides, this being the average.
I also use a degree disk mounted to the end of the crank on the timing side.
Your 59 T120 should be points just opening at 39ยบ BTDC fully advanced.
HTH
Regards TripleGuy