Won't start

I went out there with a light and checked on the valves - one was pretty clearly compressed. I bumped it over until I got the timing mark close to zero and checked again on the position of the front valves. Looks like both are at the same height, neither appearing to be compressed - is that what I want for TDC? If so, I'm 180 degrees off, can pull the dizzy, and point it to #1 again.

-JP
Yes, you want both valves to be closed, no pressure from the rockers on the valves
This is top dead center of the compression stroke

You are indeed 180 degrees off...and you might be surprised to see how often this occurs