There is a rack stop at 21mm so 4* is the maximum it could retard timing because 21mm is the maximum the rack will travel.
I think the key with 215 pumps is to adjust the fueling back to where available airflow meets fuel output.
For example, if you're running a stock HX35 turbo with airflow for 400hp, there is no sense in letting the rack travel past 13mm. At 13mm you'll get enough fuel to max out HP. At say 15mm rack travel, you will get more fueling but it will be slightly later and timing loss could actually result in a net loss of HP although you're technically injecting more fuel.
Now, for example, you have a large set of twin turbos capable of supporting 700 HP. At 13mm rack travel you will make about 400 HP. As you allow the rack to travel further, you will get more fuel along with retarded timing. However, because you have the airflow to burn all of the extra fuel, you will end up with a net increase in power.
What I wonder and wish someone could test on the dyno is what happens when the static timing is set at 30*? At full rack travel you'd have a ton of fuel and perfect timing at 26*. I wonder if power would be down slightly in the bottom end from too much timing and if you'd hit a "power band" or sudden surge in HP as soon as rack travel started hitting 13mm and started retarding.