1) Replace the balancer, this has been covered already...
2) While balancer is off, pull timing cover to check timing chain condition, check cam & crank marks to make sure they are in right position. Straight up for the crank gear, straight down on the cam gear. Next, check position of rotor on distributor. The correct factory position is approx. 1 O'Clock, facing engine from the front. Next, check relationship of cap to rotor, going counter-clockwise. Sounds like the crank gear is 180 degrees off
3) To "static time" the engine, Have everything hooked up. Have distibutor anchor loose to adjust timing. Pull #1 plug wire & push out to expose the lead. Turn ignition to the "on" postion, as it would be if car was running. Hold plug wire close to something metal, like a bolt on block, turn distributor slowly watching for a spark from the plug wire. Stop when spark occurs, tighten distibutor slightly. Engine is "timed" at zero, but should start OK, from there you should be able to time your engine normaly. Hope this helps!