Start the engine and point the timing light at the timing marks. The flashing timing light will cause the timing mark on the harmonic balancer appear to be stationary and aligned with the timing marker. It should be lined up with "10 BEFORE." If not, turn the distributor until it is. Turn off the engine and tighten down the distributor hold-down. Unhook the timing light.
Read more: How to Set the Timing on a 1974 Dodge 318 Motor | eHow.com http://www.ehow.com/how_7405118_set-1974-dodge-318-motor.html#ixzz2S9e9ResE
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