Hi Barb,
I set the timing with the spark lever fully retarded (yes, pulled towards you) and the timing mark on the flywheel showing U|C at the needle in the inspection hole. This mark shows that cylinder 1 is at Top Dead Center (TDC). You should verify that this is the case, because if the flywheel is not mounted properly, this mark on the flywheel will be incorrect.
The inspection hole is located on the passenger side of the flywheel housing, behind the heat tube.
So, with cylinder 1 at TDC on the compression stroke, the points should just be starting to open and the rotor should be pointing to the tower on the distributor cap with the wire going to cylinder 1.
Here's a previous post that describes the starting procedure that I use. Note that missing from the list is making sure the transmission is in neutral and the clutch is not pressed down. If you hold the clutch down while cranking, there is extra pressure on the center main engine bearing.
https://vccachat.org/ubbthreads.php...true/Re:_1928_chevrolet_truck#Post378579 Cheers, Dean