So, wrapping up the saga, I was able to consistently establish TDC, so then placed a temporary mark on the flywheel. Then using my degree wheel, was able to consistently establish 12 deg. BTDC, placed a temporary mark on the flywheel. Repeated for 20 deg. BTDC, and 30 deg. BTDC. I then went thru the entire drill from scratch, always turning the motor clockwise. All my temporary marks lined up withing 1 deg. My conclusion is that using the cams to determine timing can be very accurate, rembering that the cams rotate twice per crank revolution. I now have permanent, known accurate timing marks on the flywheel. So place the motor at 12 Deg. BTDC, and installed the 123 Distributor. All good, moving on.
Thanks to everyone for their great input.
Regards