Your method of turning the engine to TDC on #1 with the valves closed and lining up the timing mark with the pointer would work. But If you just put the flywheel in place and the dowels don't all line up, just turn it 1/3 rotation and try again. If that still doesn't work, 1/3 more turn and it should go right on. No real need to turn the engine to any specific position. I just drilled and tapped some crankshaft snouts using a flywheel to hold them and just turned the crank till the dowels lined up with the flywheel.

It took longer to type that than to actually get them together.


Kevin
1951 Chevy 3100 work truck
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1929 Ford pickup restored from the ground up. | 1929 Ford Special Coupe (First car)
Busting rust since the mid-60's
If you're smart enough to take it apart, you darn well better be smart enough to put it back together.