On my (somewhat modified) V6, I noticed acceleration enrichment having a greater effect on throttle response than ignition timing. The amount of additional fuel you dump into the engine on tip-in is subjective and up to you.
When my Fiero is fully warmed up, if the ECU tries to maintain a constant AFR during a throttle blip, it is OK. The engine is perfectly driveable that way.
However, when I use more acceleration enrichment fuel, the blip response becomes more lively. The AFR (after an initial lean spike) may dip down by 1 AFR or so like this. For free revs in neutral, I don't tune using the wideband as much as using my ears to evaluate the rev-happiness of the engine. In-gear, I don't want an excess amount of acceleration enrichment to flood the engine and temporarily reduce torque (I look at the wideband to check this).
The downside of too much acceleration enrichment is more CO and HC emissions on tip-in, but if the emissions tests you must pass are at constant RPM, acceleration enrichment won't be a factor.
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You can play with timing, but rotating the whole distributor is a sledgehammer approach.
By playing with the calibration, you can tweak the timing in areas that make the car feel more lively, without necessarily affecting the WOT timing curve, or other areas.
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Worst case scenario, you can always pull the old Volkswagen trick:
One calibration to pass the test that drives poorly, but is clean
Another calibration that is nice for everyday driving, but that is dirty
[This message has been edited by pmbrunelle (edited 09-06-2020).]