OK My FSM Says the following.

Bring the engine up to TDC on cylinder #1, and make sure it is on the compression stroke.

Remove cap, screws, and cap to expose rotor.

Align the pre drilled indent hole in the distributor driven gear with the white painted alingment line on the lower portion of the shaft housing. The rotor segment should point to the cap hold area.

Using a long screwdriver, align the oil pump driveshaft in the engine in the mating drive tab in the distributor.

Guide the distributor into place making sure the spark plug towers are perpendicular to the center line of the engine.

ONCE THE DISTRIBUTOR IS FULLY SEATED, the rotor segment should be aligned with the pointer cast into the distributor base. This pointer will have a 6, or an 8 cast into it, indicating that the distributor is to be used in a 6 cylinder, or 8 cylinder engine. If the rotor segment does not come within a few degrees of the pointer, the gear mesh between the distributor, and the camchaft may be off a tooth or more. If this is the case, repeat the procedure again to achieve proper alignment.






SO.... There's not any adjustment in there like on the old style motors.