The dizzy doesn't need marks - what you do is take off the dizzy cap and hand crank the engine to TDC on #1. Normally this will be where the rotor button is pointing towards the V belt, but check both valves on #1 are closed and the rocker "free" to be sure. Then put the #1 lead in the spot closest to the pointy bit of the rotor - a lot of dizzy's have a line scribed in the casing here too. Now working anti-clockwise you then put in #2, #3 and #4 into the cap in that order.
Setting the timing statically is the normal way of doing things, and it's pretty simple:
- take the dizzy cap off
- hand crank the engine to 7.5 degrees BTDC on #1 by lining the mark up with the crank case directly above the pulley (I hope your power pulley has degree markings on it)
- set your point gap, usually about 16 thou
- loosen the dizzy and rotate it clockwise so the points are closed
- with the ignition on SLOWLY rotate back anti-clockwise until you get the spark jump across the points
- tighten the dizzy back up and your done.
If you've got a timing light, timing it dynamically is probably the go - about 31-32 deg at 3000rpm is about right I think.
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