remove #1 spark plug and cover hole with my thumb.
-crank engine until thumb is blown out(compression stroke)
-notch on balancer should be lined up or close to the 0 degree mark on the timing cover
-line up rotor and the #1 wire on the dist cap
-should fire right up
Yep that is how its done. But you might want to have a timing light ready and be over the motor--watch out for that fan--and check the timing once the motor starts..so keep the dist a bit loose so you can adjust it. Have the vacuum advance plug and try for around 34 degress total timing..around 3,000 rpms depending on your springs in your dist.
No the oil pump drive shaft doesn't matter, oh your dist have the vacuum can, then it does matter. Stick a big screwdriver in it and lift and turn it just a bit like one tooth at a time until your dist has enough room to adjust each way.
This is something that you get better at the more times and more often you do it
