I'd take off the cap & see what cap terminal the rotor blade is closest to then put the cap on & make a mark on the dist metal top rim in line with that particular cap bulge then take off the cap & with a 1&1/4" socket/breaker bar turn the crank slightly till the reluctor tooth is dead even with the magnet & at that point see how far the rotor blade is off from being dead on with the mark you made. The bold text is what I neglected to add to check phasing in my prior post. This ain't quite as accurate as the timing light method but it is very close & will tell you something significant regarding phasing in 5 minutes. Holler how it turns out for you