If it's a virgin 273/318 with the facory nylon tooth timing gear and chain, the first thing to do is replace it with a double roller of any kind, preferably a true roller double roller...
The stock factory chains are junk, the nylon gets hard and chips off the teeth, making the chain loose and in some cases can jump a tooth...
My first 318 barracuda had 84 k original miles and when I replaced the stock chain and gears with a double roller and increased mileage by 2 MPG....