Appreciate all the replies.

The engine was indeed at TDC on #1. Cam at 12 o'clock and crank at 0 degrees.

#1 intake was very tight but #3 intake seemed to be OK.

I did a compression check just to be sure that the intake valve #1 was closing all the way and all of the cylinders seemed to be fine. The rest of the valves adjusted OK, just #1 intake had me worried.

FWIW, after cranking the engine over a few times for the compression checks, #1 intake seems to have loosened up a bit so I'm not so worried anymore.