Hi there and welcome to NICO Club! I'm not 100% positive, but I think you set your timing to the wrong mark. From left to right, looking at the marks on top of the pulley, you have -5, 0, 5, 10, 15, 20. If you set timing to second from the left, you are at 0 (zero). My KA uses 20 degrees. I think yours is to be at 15 degrees. That is the ignition timing.
"2nd notch from the left" is a proper timing for the cam gear for crank angle though. Either I'm mixing up what you're saying or your mixing up your settings and where they should be. I think you're mixing up the settings. If so, cop to it and let us know so we can be sure you're all set!
Maybe this thread will help you...
how-to-set-your-srs-timing-in-30-minute ... 98297.html
in there you'll see another link to FR-Sport with further instruction and pictures.