It has nothing at all with the time to produce a spark. It has to do with the time it takes for the fuel to build up a sufficient pressure once ignited by the spark. At very high RPM's the spark may occur as much as twenty degrees before the piston reaches TDC in order to have mostly complete combustion by the time that the exhaust port is opened.
Sorry I do agree with you Bill on the timing issue, and about the Octane rating, as you saw I assume, the higher octane is for being able to withstand higher compression before combustion.
I should add that my thinking on the spark time taking, was from the time the field was collapsed on the coil, and the time it takes to get to the spark plug points, of course that was wrong, as the actual sparking is what is used for the timing 😳.
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