Dumb Timing question?

Ok, bumped it over and felt compression over the #1 plug hole. Pulled the cap, and I'm pretty sure the rotor should be pointed straight ahead. It looks like it off to the right a little. Intake valve definitely closed. I took a measurement and the piston is at the top and 1/2 an inch from the bottom of the spark plug hole , all with the Balancer at 0. What do you guys think?

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