Unless the harmonic balancer slips forward on the crankshaft snout, there's virtually no way for the crankshaft gear to touch the timing cover, and I'm pretty sure the angle of the gear teeth and the rotation of the crankshaft will keep the cam gear pushed back against the thrust plate. Not saying it's impossible- - - -you might also find a chicken with lips one of these days! If there's a bunch of big dents in the timing cover, all bets are off, however!
Jerry