Timing marks

Slit is at 15 degrees BTDC. This is where the rotor is pointing. So turn it until the rotor is point toward #1 terminal?

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Is this engine able to run? If so if your finger is pointing to no1 wire you need to rotate the crank 1 full turn and reset OR

You can check that the rotor is approaching the no6 wire which is what is going to fire

You do NOT set timing with the rotor. That is only "rough"

HERE is how I do this

1....If there is no question as to camshaft timing, such as a botched replacement or slipped/ word sprocket

2....Remove no1 plug, crank or wrench engine with your finger in the no1 hole. When you start to feel compression, start watching "the marks" and bring up the mark NOT to TDC but BEFORE TDC where it is that you want the timing, say 158

3....Now drop the dist in pointing to no1. You will only have two choices as the drive tang on the dist only goes in two ways

4...Now to final adjust timing depending on trigger device. Rotate dist CW (on small block) to RETARD timing. Now slowly rotate dist. CCW until

A....if using points, the points just open. Use a light/ ohmeter, etc
B----If Mopar magnetic trigger, center the reluctor in the pickup coil
C----If some sort of optical/ hall effect, you must first examine the internal of the dist. to see what you are looking at for trigger device. Rotate dist until trigger "is happening" visually

5....You can if you wish, crank engine and check timing quickly "on the starter"

Otherwise make sure everything is ready, and it has fuel, and a shot or two of fuel in the carb, and start it up