Dwell is the number of degrees of crankshaft rotation that the points are >>closed<<.
Honda specifies this as 195 degrees. Or, a little over half of a single crankshaft rotation, at 195 out of a possible 360. You could actually use a degree wheel and a small test light to determine the exact dwell your points are set to. But, what of Dwell meters?
Dwell meters are electrically connected across the point contacts, and meter deflection is powered by the voltage present across the points when they are >>open<<. Thus, dwell meters give an interpretation of dwell based on the inverse data. Their scales are then calibrated using assumptions about the motor to which they are to being attached. Most of these are wrong for the SOHC4, which fires on each rotation. A standard 4 cylinder engine with distributor points ignition fires a single cylinder on every OTHER crankshaft rotation. They expect to actually deflect the needle at an inverse ratio using 720 degrees, and the points are closed for 4 cylinders firing events. No wonder there is confusion on how to use them on the SOHC4!
So, what to do. As accurately as you can and with a brand new point set, adjust the max point gap with a feeler gauge that is midpoint between the min and max spec. (.012-.016) or .014 inch. (You could actually do the degree wheel/test light thing I mentioned earlier, too.) Attach your dwell meter and spin the engine. Make note of where the pointer is on your meter's scale. On my cheap Dwell meter, that's 47-49 degrees on the 4 cylinder scale.
Now you can set the dwell using your meter, calibrated to your bike, and the style of ignition it has.
Cheers,