Thanks again C_F and kbs2244.
Every opportunity to try something new is an opportunity to learn something new.
I do have questions about brands.
For things like the timing cover, water pump, ect. is there any real difference between brand names, Or all of them just rebadged off the same assembly line?
Make sure you order a dipstick tube with your new timing cover!
Timing chain and gear sets are a major thing on these year 460's because Ford retarded the cam timing using the crankshaft timing gear for emissions. This reduced horsepower, torque and MPG. Putting in an earlier timing set or one with 3 keyways can liven up your engine.
Since it appears you have a rebuilt engine you may already have an earlier timing set. If the little dot on the crank gear lines up perfectly with the keyway it's not retarded, if it is offset from the keyway it is retarded assuming you only have one keyway. Post up a picture when you get it apart.
As far as brand Cloyes is a long time producer of timing sets and are made in the USA. Your 1978 calls for a C3013K, I would run either the earlier "straight up" C3037 or the double roller chain C3079X which has 3 keyways in the crank gear.



love it!

With #1 on TDC, the timing marks most certainly should point towards each other. The crank points at 12 o'clock, the cam at 6 o'clock...so, yes, he does have it lined up properly.