Bluetooth or not, your tac signal runs off the coil wiring - that shouldn’t change with 123.
Edit: I think the 240 wiring is different to my ‘77 260 so you may need a resistor somewhere in the circuit. I will let our wisened elders comment.
As for timing curves, the FSM is your best bet.
With timing you have 3 advance points to consider:
Static timing (or base timing): this is how far advanced the distributor is when installed and without the engine running.
Centrifugal advance: increases and decreases with revs.
Vac advance: engine load dependent - I.e. wide open throttle is zero vac and zero advance, foot off the throttle is max vac advance. This is used to improve emissions/ fuel economy, keep your engine cooler at idle and improve throttle response from off to on power.
Now, “all in” refers to Base + Centrifugal timing (but no vac).
So, typically, the best way we set up old distributors is to disconnect vac advance and put a bung over the front carb’s vac pipe. Then turn the fast idle screw up so you have say 2800 rpm, then set the “all in” timing at anywhere from 30-34 degrees. I find that with a stock dizzy at 34 @3000rpm my idle timing sits around 17 degrees. Then when you connect up Vac you will see another 15 degrees added. This is perfectly safe as the mix is very lean at idle / part throttle and needs the additional timing to burn fully.
Now onto the 123. Pay great attention to this. Take your plugs out, turn the engine by hand (using either the cam sprocket bolt or the crank pulley - I cant get to the latter on mine). Put the engine at the static / base timing point. I use zero as what I see on the 123 curve is what I get when the engine is running but it does require extra cranking for cold start. If you don’t go for zero do yourself a favour and set it at 10 degrees as it’s easy to subtract later.
Now, if you are aiming for a stock curve, then I would go with:
500 rpm (anti-stall): 7 (optional)
800 rpm (idle): 5
2400 rpm: 18
3500 rpm: 20 (optional but works well)
6000 rpm: 24 (optional for best top end power)
Remember the above numbers are 10degrees less to account for the static / base timing.
Connect the vac but leave it at 0 degrees for now and run with this set up to see if you are happy with the way the car runs.
When you are happy with this, monitor the MAP gauge on the app or use a normal vac gauge and determine how much vac you are generating at idle and at 3000 rpm. Then set 10 degrees (your stock dizzy does 15 but I like to play safe on vac for various reasons one of which is the unknown “rate of attack” with the 123).
Here is FSM vac curve
Here is a great table - see if you can find your stock dizzy
Apologies about the rant but it was a long commute to work ;)