I would use the same balancer, but replace the cover with a 340 piece. Teh 340s all had the driver's side indicator timing cover. Someone swapped it. Are you POSITIVE it's a 340 in it? the side of the block, above the starter, will have the engien size cast into it. If it is, then I'd buy a timing cover from a junk yard..Any 318/340/360 from '69-75 will have the exact same, mid 70s-late 80s are a little different from what I've seen. remove the balancer, and the old cover, then reinstall the balancer hand tight. Use a piston stop. You can make one by ramming a bolt into the lower metal section of an old spark plug, or buy the $10 thing from summit. Bring the piston to TDC on the compression stroke. Then, rotate the engine backwards 90*. put in the pistons stop, then bring the engine forward to until it hits the stop (not hard, just 'til it touches). mark the balancer on the circumference with a line. keeping in mind which direction you turn from the line you just made...Turn the engine backwards until the pisont comes back up to the stop. Then mark the balancer again. the spot exactly between those 2 marks, is the TDC mark. remove the stop and the balancer, reinstall the new cover, and you should be all set. This should really be done with any new balancer and timig cover too..we do it for any circle track engine regardless of parts..You'd be amazed at how off some of the marks are, even when the balancer is new.