Triple R........The OP doesn't have to pick a spot for a mark...........he's got one, two actually, one on the damper, and one on the timing tab on the front cover, and they probably line up just fine at TDC.
It sounds like the OP is confused about the differences between a 273 and a 318 and what he should do for timing purposes. It's also sounds like his father-in-law was on the ball, knew what he was doing, when he swapped the 273 damper and timing cover over to the 318. This is really a nonissue. The OP has marks, they are factory marks, in the factory location, put a light on it an set timing.........273 spec's....318 spec's.....custom setting.......where ever the car performs best. I suspect that's the problem..........he doesn't know what spec's should he use? 1964 273, or what ever 318..........what distributor does he have? That there tells the story.