I'm going from memory, and another poster may have more accurate information, but, yes, TDC should be when the timing marks on the timing gears line up, and this should put cylinder #1 at TDC and its two valves closed. At this point, the distributor rotor should be pointing at approximately 9:30 or 10:00 o'clock when looking down at the distributor, with the front of the engine to your left. If this is true, then rotate the distributor body so that the small notch on the rim of the distributor is directly under the rotor. If this can be done, then you should be close enough with the timing to start the engine.
If the alignment of the rotor is a little off, and you can rotate the distributor as outlined above, you're OK. If the distributor drive gear is so far off that this doesn't work, then you can still get it fixed. Remove the distributor and reach down into the engine with a pair of needle-nose pliers, and lift the distributor drive gear up enough to be able to rotate it. Turn it one way or the other as needed to correct the mis-alignment, and then slide it back down. It will rotate as the teeth engage with the cam, so you have to anticipate how much it will change as it goes in. It may not engage with the oil pump, depending on how much you had to rotate it, so you may have to pre-align the oil pump shaft with a screwdriver first.
(The first time I rebuilt an engine, I had the distributor in 180 degrees off because I timed it to cylinder #1 at TDC on the exhaust stroke. Rookie mistake).
Hope that helps. Not exactly 10,000 words, however, I hope it gives you the picture.
Steve
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