Al's right. I was thinking of other cars where the timing is on the crankshaft pulley. First you need to determine TDC for the crankshaft, then see where the distributor rotor is positioned. The most accurate way to find TDC is to use a dial indicator with something through the spark plug hole that can touch the top of the piston. Then pick a distance, say .250" BTDC and mark the pulley and adjacent spot on the cam gear cover. Now roll the crankshaft over the other direction and mark the pulley again at .250" BTDC, which would be next to the mark on the cam gear cover. Now measure the distance between those two marks on the pulley and mark the exact center between them. Line that mark up to the mark on the cam gear cover, and you'll be on exact top dead center.
You don't need a dial indicator to do the job. You can use anything that would stop the piston at some distance before top dead center. Say you take a junk spark plug and gut the center of the plug, then bend a heavy rod so it could be inserted in the plug and screwed into the plug hole to block the piston say 1" before it reaches TDC. Do the marking as above, roll the crank over the other direction and do the same as mentioned above.
When I get time, I'll make a tool for doing this. What I just wrote is to get the job done of finding TDC for the crankshaft without having to remove the front cam gear cover.