[gsharapa]

I had a simular problem on my 351 and it turned out I had the wrong timing pointer for the balancer. There were two different pointers one for the 3 hole balancer and a different one for he 4 hole balancer. You also should check TDC on the # 1 piston to find out if you are any where zero on the balancer as suggested prior. I am assuming you are using a new balancer. If you have the old Ford one with the rubber casing after time they end up moving off center and timing is impossible!