Perfect timing for a Ruger SA is when the cylinder locks in the last few thousandths of hammer travel. If the cylinder locks too soon, the hammer will bind before locking into the sear. If the timing is slow, the hammer will cock and the cylinder won't be locked.
The answer to your question: There is a tolerance of a few thousandths, plus or minus. As long as the cylinder locks and the hammer cocks without binding, you're good to go. Be sure to test by applying a little finger friction on the cylinder.
The bottom tooth of the pawl regulates when the cylinder locks. A short tooth will result in cock-before-locked. A long tooth will lock-before cocked.