[Steve R]

Steve,
302's came with water pumps that had the radiator water inlet on the driver's side or the pass side. As a result, there were 2 different timing pointers and harmonic balancers. One for the left side, one for the right. My guess is your pointer is from one, and the balancer is from the other. Which side has the timing pointer on your engine? and which side does the lower radiator hose go into the pump? post some pictures.
Steve