You can advance it as far as you want, but advancing it can cause detonation at high RPM. If you want to hold it WOT for a while, leave it where it is. If all you want to do is putt around at half throttle, then have short 10 second blips of WOT, then let back off, you can advance it all the way. Advancing it all the way is only for getting the most bottom end, and cannot be used to gain top end performance. Actually, advancing that far removes your ability to ride WOT as you will cause motor damage if you hold WOT for more than say 30 seconds.