Dave, I'll try it your way but the timing light manual says differently.
According to the manual it says for initial timing leave the dial on the light at 0 than just read where the line is falling on the index scale of the balancer.
Now, this is where I ran into my first problem........... are there actual numbers on that index tab thingy?. I see index marks, but no numbers so have no clue what the reading is. From what I can see, I think I'm seeing the white line hit towards the top of the index plate (?) at either the 1st or 2nd mark - it's hard to see. This is the top part of the index plate towards the top or center of the motor where the plate taperes off to a point. What reading would that be if it's the ist or 2nd mark?
Aren't there supposed to be numbers on that plate by the lines?
Yep, Jack is right, my alternator is on the passenger side so I've got it hooked up with the red clip on the battery + and the black clip on the alternator bracket than just have the wires carefully routed across the motor to avoid any moving parts and the hot exhaust manifolds