If it is at TDC on compression with damper at 0, valves closed (there is clearance between the rocker and valve) the rotor points to #1, and the plug wires are installed counterclockwise, in the sequence of the firing order, then it should be in the ballpark.
Have you checked initial timing while cranking? That will at least verify that the spark is occuring at the right time or not. Most distributor caps have a 1 next to the #1 terminal but the wires don't care where they are placed as long as it is according to the firing order and timing can be set properly so also make sure that you're not somehow confusing the wrong terminal for #1.
Also make sure you are using the #1 cylinder. I mess that up sometimes because the other vehicle has a che vy.
One thought, if you want to check the gears, maybe a bore scope can be used through the fuel pump hole to verify that it is correct.
Lawrenceville, GA