A quick way to check if your ring on the balancer has moved, take the spark plug out on the number one cylinder and disconnect the positive wire red to the distributor. Put your thumb on the sparkplug hole and have someone bump the starter until you start feeling compression to the point it wants to move your thumb. Piston is at TDC or very close to it, look at the line on the balancer it should be lining up with your 0 on the timing tab. If the line on the balancer pointing at lets say 20 degrees or more the ring on the balancer is moving.