If I understand your question correctly, as you stand on the drivers side looking at the distributor, it should be the top left side of the cap. I'm guessing you have a four cylinder and not a three cylinder. Let me know if I'm wrong. Keep in mind your firing order is 1-3-4-2. The distributor rotates counter clock-wise. If you have the three cylinder, the firing order is 1-3-2. Number one would be to the left side from the top and it still rotates counter clock-wise. Hope this helps.
The distributor should face forward rather than backward on the Chevy 350. It is important to mark the front face of the distributor before removing it.
Depends some distributors are vertical some horozontal put the plug end in with wires facing away from center of distributor
The marked # 1 position on the distributor cap should face to the rear and slightly towards the drivers side on the 7.5 liter ( 460 cubic inch )
It has to face the same place it was when it was removed.
It is known that eye and face protection that is given to employee's identify distributor. This is for the safely of the employee's.
As you face the engine the first spark plug wire on your left is connected tot he first cylinder. Trace it back to the distributor and you will have the proper hole. If you have no wires connected then it is usually positioned at about 1 oclock as you face the distributor. (assuming the distributor is properly positioned)
you face your distributor to your number 1 which should be the driver front plug.get it to where it starts, then you have to get it timed through your computer at a shop.
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