26 Degrees BTDC
Many of the older saws are set at 26 degrees before top dead center. You set this on the bench, as you gotta have the flywheel off to access the points. Playing with the points adjustment and in some cases shifting the coil laminations is it. I have a bunch of oldies, they generally peak at 5500 to 6000 RPM. One of the oldies is 7.5 cubic inches, you really have to let the saw know you are going to crank it up, otherwise it will yank your cranking hand back into the housing, ouch!
Modern electronic ignition modules are capable of advancing the spark for certain RPM's, retarding the spark for cranking (takes care of the Ouch! factor), and limiting the RPM to a maximum.
Now, we just need the electronic guys to start making ignition modules for the newer saws along the lines of Automobile performance chips. I can hear the claims now: 25 HP, 16,000 RPM, five cords to a tank!!!!!