Timing tab confusion

I posted this in another thread of mine and it kind of went unnoticed so I wanted to ask again.

What is the purpose of the second bolt-on timing tab on this 77-era 360? (It came on the motor).

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I spent way too much time trying to make a piston stop but eventually realized I can just look in the spark plug hole and see the piston is closer to the head when the balancer is at the cast-in mark, and that it moves further from the head when the timing mark is at the bolt on "peep hole". So the cast in mark is right, as I expected, but WTF reason is there for the other, wrong, timing tab?