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clean the tab & put 4 dabs of white paint on it on the front edge (the line at the hole (TDC) and the 3 lines CCW from it 5, 10 & 15 btdc and clean & paint the groove on the dampener & you'll be easily able to see it w your light.





My Jensen Interceptor has the same side tab and waterpump as you, I cleaned my balancer, painted it black, dabbed white paint in the timing notch, marked the balancer for 34 and 36 degrees BTDC and cleaned the tab up.
My hood opens backwards so I have reduced view of the front of the engine but I can still see the marks pretty easily.
If the marks aren't clearly defined it's tough to see while running....

CrAzYMoPaRGuY