TT,
I'm not sure what you mean by "using wedges". and not having done a Dwell setting yet, are you saying that the points plate isn't located centrally over the turning centre shaft, and this is where the movement can be adjusted from?
Strictly speaking, you don't HAVE to use a dwell meter. It's very nice for sure, but not absolutely required. The dwell setting, sets the point gap maximum opening, which can also be done with feeler gauges and the motor not running.
The main 1-4 plate is held down with three screws. Loosen these, and remove the points from the plate or disable the point springs so the point rubbing block on both points is making no contact with the point cam in the center attached to the crankshaft.
With the 1-4 plate loose, try to move it up and down and laterally in the engine case mount posts. This movement is what causes the point gap and point timing to fluctuate while setting the point gap, dwell, or ignition timing.
Get out your feeler gauge pack, and insert enough of them into the space between the 1-4 plate and one of the engine posts until you can no longer move the plate laterally or up and down. Note the thicknesses you needed to remove the plate looseness and remove them from your gauge bundle. Leave these wedged in between the plate and the posts anytime you make point gap, dwell or timing adjustment for the 1-4 plate, engine running or not. Tighten down all three plate mount screws in turn just until the plate will not rotate, then back off just until it does allow rotation. Reinstall, your 1-4 points and turn the crankshaft to so the point cam is at it's highest peak for the 1-4 point rubbing block. Set the point gap between .012 and .016 inch, and lock down the 1-4 point mount screws. Now rotate the crankshaft so the 1.4 "F" mark is aligned with the index pointer. With the ignition on and either a 12 v test lamp (or volt meter) attached across and bridging the point contacts, rotate the plate, leaving the feeler gauge wedged between plate and motor post, until the light or the meter changes state. I always move the crank back & forth to verify the state change right on the mark. Then lock down three 1-4 plate screws and remove the feeler gauges between plate and mount post. The 2-3 points can then be installed on the now fixed 1-4 plate, gaped and timed similarly to how the 1-4 points were. That will complete a static time of the ignition and work pretty well for street use and all but maximum output engine function. If you wish to check dwell or do dynamic timing, just remember the combination of feeler gauges you used and insert them anytime the 3, 1-4 plate mount screws are loosened.
Is this clear enough?
Cheers,