Not bad numbers to start with.. and why a "base gasket delete" really perks things up! Might want to do a little on the intake. Move it to opening in the mid to high 70's BTDC. So if you are at 70 degrees BTDC on the intake, try advancing that by 5 degree's to start with. That along with a muffler mod, 1194 no base gasket build, will make for a snappy saw. Might want to set the no load RPM up from the recommended 12500 on a 365 special to 13000 as well. Then do a plug check after some run time to make certain it's not to lean.
I wonder sometime on the variations in numbers based on how a person checks their port timing. A typical "Stock" w/ no base gasket 372 runs in this range with how I check those numbers:
Exhaust: 100-101 degrees ATDC
Transfers: 123-124 degrees ATDC
Therefor blow down around 23 degrees
Intake Stock usually around 75 degrees BTDC
And I like to leave the exhaust alone.. because changing the "pressure can" (muffler) will a make larger difference in flow & less risky to the health and well being of said cylinder for the average guy with simple tools. Maybe match things up but I'm assuming this is a work saw.
AND I'm assuming no lathe work...just simple tools.
Your blow down numbers are shorter than I am used to seeing at 120-103=17 degrees. In your case, assuming the measurements are correct; raising the exhaust closer to 100 degrees would help it rev but....I really hesitate to go there or recommend that. I have to wonder if how you are measuring the timing is getting those numbers. I use sliver of light or wire depending on the cylinder style...but with the wire method you have to calculate the thickness of the wire into your measurement. And as I said, the intake seems a bit out of whack from what I'm used to seeing.
For a 372 a sold set of numbers measured with "sliver of light method" for a good running work saw would be something like:
Squish: .020"
Exhaust: Open 100 degrees ATDC
Blow Down around 20-21 degrees but that sometime requires some grinding in places that require a good set of skills and a good angle hand piece for decent grinding system. In your case assuming good numbers, raising the exhaust a bit gets you there.
Intake: 78-80 degrees BTDC
Muffle mod with 3/4 inch pipe or equivalent x-sectional area after figuring in for screens.
In the process of building a 365 with this formula. A video is certainly going to follow. SO far the first test case is more than a match of a stock 372 BTW..