New Build Startup Issue

YO7_A66 said

U Bob: it is a solid flat tappet. I forgot to add that in my post.

Turned the balancer to TDC and the #1 piston is at the top. This is where the dist is pointing.

Thanks guys!

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That looks about 45* off from where I'd have it, but it's more a matter of how you have the ignition wires oriented. Is that at or near your #1 terminal?
Also, VERIFY that it's on the compression stroke and not the exhaust stroke- it could be either when you just go by the timing marks. To verify, you may have to pull the DS valve cover, or at least pull the #1 spark plug and feel for compression as it approaches TDC.