Where's the Wow?

Yeah the cam dot doesn't show up to well. It is at about 5 o clock. As I think about it I believe the old balancer is slipping because if I turn the crank the crank a little they line up. The performance seems to have gotten worse also. I had the balancer at TDC before I pulled it off and that's where the crank for was. I know they were lined up better than that when I put it together.
Is there a chance you lined up the dot on the key way instead of the dot your showing now?? Looks like it's about 3 teeth off, and that is where it would be if you did that. Your harmonic balance can slip, but it won't move the timing chain from being dot-to-dot, it will just mess with you as you try and time it. Wish I could see it better in the picture