[ChunkFunky]

that's true, forgot about that.... when you put in the cam, there's going to be a DOT or maybe a triangle on the timing sproket of both the cam and the crank. The sprockets will only go on ONE way so when both sprokets are on, you'll have to turn the crank to face UP and turn the cam to face down, so those dots or triangles face each other. At that point you've set your cam timing. According to Shaggy your number one shoudl be a TDC on the compression. I'm sure he's right, I just dont remember it myself. So with that if you dont move anything you can slap your distributer back in with the rotor facing #1 and you're good to go.

You asked about the marks lining up. The balancer has marks on it that are allways relative to the NUMBER 1 cyl. That's the cyl at the passenger FRONT of the engine. Cyl 1 goes up and down once for every crank rotation. So if it's comming up on the exhaust stroke, next time it's coming up on compression. So when yo're trying to find TDC for cyl 1, when your balancer's mark for TDC is lined up with the metal pointer thing you've got TDC, though to tell if it's the compression or exhaust stroke you'll need to check the valves.
-as