Those marks only mean anything for the original pump, and even then if the tower hasn't been disturbed. That mark is showing very retarded, but if the pump has been changed, doesn't mean a thing.
Where you are is a base altitude of around 4500 ft. I wouldn't be turning the fuel up a flat, if anything I'd be turning it down. El cheapo stanadyne made no altitude compensation on their pumps so you either have to adjust it yourself or buy a high altitude pump EPA considers 4000 ft high altitude for those wondering if they need the HA pump or not( which is basically a cut back pump in a nutshell) so if the PO put a regular pump on, it's getting too much fuel.
Bosch pumps have automatic altitude compensation when you get above 3300 ft they incrementally advance the injection timing by .8 deg per 3300 ft ( another .8 deg at6600ft, another .8 at 9900 ft, you get the picture ) and reduce the injected quantity of fuel by roughly 2.3 cubic mm at those same intervals. Less fuel, more advance needed at altitude if you want to get over the hills, that's just how it is.
Putting more air to it would help, A
hypermax cowl induction does wonders for getting fresh air into the thing
And while browsing around over there, they have another toy that would help your situation, their
smoke puff limitor
Barring altitude compensation, this little goodie would allow you to have your pump turned up and with a little fine tuning , it would act much like an altitude compensator. Their smoke puff eliminator was designed after the Bosch anaeroids used on their turbo pumps that prevents more fuel from being injected than there is air for at the moment, it waits until there is sufficient boost to match then fuel is added at an appropriate rate to match the air, , the result is , a clean burn and more power. If I can ever get cash ahead, I'm putting one of these things on mine. I'ts always annoyed me that stanadyne didn't put one of these on in the first place ( the guy at Hypermax came to the same conclusion, I had a nice long conversation with the fella who designed it over the phone, I't s nice that the folks at Hypermax are still actively interested in developing products for our old beasts