1974 D300 360 fresh rebuild will not start

-And correction, cam at 12, crank at 6 :p Also, if my cam were off by a tooth, then I should have valve blowby during a leak down test at TDC, correct? All I hear is through the rings. When cranking over by hand, I can hear the valves begin to open/air escape through their respective valves.
:/
A 360 should be timed with the cam dot at 6 o'clock and the crank dot at 12 o'clock so the dots are as close together as they can possibly be, now a Gen3 Hemi is timed the opposite way with the cam dot at 12 and the crank dot at 6. Cam timing wont necessarily cause leak down at TDC but will cause low compression as the intake vales close to late after the piston has already started moving up the bore before the air is closed off essentially reducing the effective stroke.

Even (all 8) low compression could only be cam timing, starter cranking way to slow, or a faulty gauge. its very unlikely that all 8 cylinders have an even loss of compression from wear. Also the distributor shaft can be installed 180 off because it just drops into a slot, if this is the case you can pull the distributor and spin the shaft around to the other side and reinstall.