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Clois,
I think it depends on many factors including aluminum or cast heads, aluminum or cast block, as well as what rocker arms you're using. I'm running a cast block with aluminum heads and Erson rockers. I've found that I can set mine at .010 cold and that corresponds nicely to .020 hot. I have a nice little "interview article" that was conducted with, if I remember correctly, Doug from Precision Pumps and a couple of other guys. It makes a couple of general recommendations of cold lash vs hot lash based on the above considerations. I'll find it when I get home tonight and either post a link or retype the pertinent info.
Chris
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