Bell Never Aligned

You need to re-read Magnum Valiant’s post. You align the bell housing with the dowel pins removed then drill the dowel pin holes oversized. The only issue I see is that the bell housing and the drill centerline must not move during the drilling process. If it were me I’d sandwich an oversized steel plate between the bell housing and the block and use a mag drill. The one problem that this creates is that the block and bell housing have oversized dowels and dowel holes so switching transmissions or bell housings becomes a problem in the future. With that said I’d use offset dowels.
Just my two cents on "oversized dowels". The purpose of utilizing oversized dowels would be the female side on the transmission (BH) dowel seat had become enlarged due to possible loose bolts or a High HP motor pounding. A good reason all bolt holes should be thread clean, by taping, including heads and the rest of the block, before torquing. This should bring the center line back to factory specs and off-set dowels should not be needed.