New Timing Chain Set Loose?

Hello all,
I've already learned a LOT from you guys but at the moment I am stumped. We're rebuilding the slant out of my girlfriend's 69 dart and decided to replace the timing chain set since it was decently worn out. I've done a few motors before such as the ford 302 and an LA 318, and the new timing sets always going on very snug with essentially no slack.
When I tell you this new chain was LOOSE, I mean it was worse than the old worn out one! I didnt check degrees, but there's easily an inch of play on this chain, if not more. It's a Cloyes C3022k set.

Is this a fluke and I should warranty it? Is there another set I should try? I was hoping to get a double roller (not that I really need one) but couldn't find any online. I saw another forum say it could be from a bad hone job on the crank or cam, but this seems too much for that.
The engine is sitting until we can figure this out, but I dont want to drop money on a new set if something else is wrong. Thank you in advance FABO fam!