The way I always taught the customers how to set their points (when I had my shop) was:
1: DO NOT turn the engine CCW with the big nut by the points. This will bend the shaft that mounts the spark advancer, skewing all readings, making for erratic timing. Remove the sparkplugs. This makes the engine easier to turn CW.
2. Set the "L" points (same on Twins) to 0.014" with the engine turned to the high side of the points cam (he 2-3 points are closed at this point).
3. If you have a strobe light: turn the engine 180 degrees from above and gap the 2-3 points to 0.014" also. If you're doing it without a strobe light, you can do this step later (see Step 6).
4. With a strobe light: connect strobe to #1 or #4 spark wire, start the engine, run it at idle (not more than 1200 RPM). Fire the light at the timing marks and turn the entire points plate to align the "1-4 F" mark to the indicator in that little hole in the points plate. Snug down the plate's screws there.
5. With a strobe light: connect the strobe to the #2 or #3 spark wire and adjust the position of the subplate for the 2-3 points to align the indicator to the "F" mark for the 2-3 side. Snug down those subplate screws. You're done!
Without strobe light:
6. Connect an ohmmeter to the 1-4 points' wire, then slowly turn the engine forward (CW) to see when the points open: they should open at the "F" mark for the 1-4 cylinders. If not, turn the entire plate [left or right] so this happens on the mark.
7. While the 1-4 points are just barely opening, set the gap of the 2-3 points to 0.014". They are on the high side of the points cam. Connect the ohmmeter to them.
8. Turn the engine about 120 degrees, then turn it slowly while watching for the 2-3 points to just open. This should happen when the "2-3 F" mark is at the indicator. Adjust the 2-3 subplate to reach that spot.
9. Recheck points gap: it should be in the range of 0.012"-0.016" when the opposite points are closed.
Today:
Sometimes the points are not made correctly: the position of the pivot pin might be out-of-position slightly or the length of the 'foot' of the points rocker arm may be too long (Daiichi points are famous for these issues). If the "1-4 F" mark cannot be reached with the points gap in the range of 0.012"-0.016" and the baseplate for the points is up against the end of the screw slots, try increasing the points gap beyond 0.016" (no more than 0.018" or else the points may not close on the low side of the points cam) to see if the timing marks will line up. In this situation, the 2-3 points will need a similar gap setting.
Some owners have widened the slots of the timing baseplate to make Daiichi (or old FEW) points work at 0.016" gap: that's another possibility. But, if the gap is larger than 0.018", the points will just barely be closing on the low side of the points cam, which will make for misfire and rapid burning of them. In that case, try filing down the foot of the points (keep it as square as possible) to get the gap closer to 0.014". The Daiichi points can work that way, or they can work (if you have the Transistorized Ignition) with as little as 0.008" gap if you go too far with the filing action. I have run them that way (hacked on, on purpose) to test with this electronic assist, and it works out fine.