Type IV Static Engine Timing?, Stuck in the middle of my rebuild Options

[ThinAir]

I'm really paranoid about making sure I get everything right as a rebuild this engine so after I got the rocker arms bolted down I double-checked the timing. It was quite clear that I'd somehow gotten the distributor shaft off by 90 degrees and I figured that I knew which direction to rotate it so I did.

As I've checked things again, I'm just not sure that I'm not 180 degrees out now that I've repositioned it.

My confusion comes because both 1 & 3 are at TDC when the "0" on the fan is lined up with the case split. Both sets of valves look to me like they are closed at this point, but that doesn't seem right.

So how can I tell from the position of other valves whether #1 is at TDC and on the compression stroke? I know this just got discussed in another thread, but when it came down to actually doing it on the engine it just didn't seem as clear as I expected it to be.

[Pugbug]

No Aaron... I'm not sure who made this, but it was on the engine when I bought the car. It was not very good leaked lots of cooling air . I added some more shrouding to it and put a baffle inside to direct more air to the 3&4 side.
I'm hoping that it will work ok now. I'll be installing a head temp guage to monitor it. I have a large oil cooler with a fan and 180 degree thermostat.
It seems to move a lot of air, but it goes straight down, so the road dirt blows everywhere. I'm planning to use baffles to direct the air out the rear.
We will see how it all works....I only drove the car once before tearing it apart, but it didn't seem to be overheating....( I got stuck in rush hour traffic that one time.)
Here is a pic of the back.