72 360 first start question

YOU CAN NOT GO BY THAT!!!!!!!!!!!!!!!!!!!!!!!

That used to be known as "split overlap" and does not apply and has not applied on engines for DECADES due to cam designs
Hey Del. I asked the OP for the cam ID and looked up the cam and it is a symmetrical intake-to-exhaust design. If you check out the open/close points, it works out to show a 4 degree advance. The whole point of this check is a quick check of cam timing to see if it is close to where it should be (4 degrees advance), or is 15 or 30 degrees off, indicating that a sprocket is off. It is not meant in this case to be a method to actually set cam timing exactly.