If you have the red coil's in your mags', and are running stock compression 20-22 is what I ran in my st8 valve. Mags only put out about 8k volts.
I had an electro mag. on the same engine, made my Charlie Bass, it was an electronic pick-up style mag, using a regular high outout automotive high saturation coil, I set the gap at 35 on that unit.