Punkskalar,
Must have been a long day for you yesterday!
The cam shaft rotates in the counterclockwise direction when viewed from the left (points) side of the bike. If you want the spark to occur later, then you would rotate the points plate in the same direction as the rotation of the cam which is counterclockwise...
Here is a link to the PAMCO installation instructions:
http://www.yamahaxs650.com/installation.htm