Might be difficult to see in this pic (attached), The rotor is between 8 and 1, I'd say closer to 1, which may be correct at 32btdc. If I rotate the engine to bring the reluctor dead on, the rotor is darn close to dead on and the timing mark is at TDC. So basically, as I advance the timing, both rotor and coil off shift the same amount. Since my rotor is not adjustable, I just tried moving the pickup. It's obvious that it doesn't move in all directions like points. There is virtually nothing to gain in trying to move the pickup.
Edit... I am adding a second pic, trying to show where the rotor is in relation to my TDC mark on the back of the intake below.