Yes,another complication, the oil pump drive shaft.
Make darn sure it's lined up if you end up having to do that..
If it's not, when you seat the distributor you may shove the OP shaft down into the OP and never interlock with the drive gear..
BUT I believe Randall may be onto something about the problem being within the distributor.. Before you remove the drive gear see if it is in there right. Rotate the crank 90 degrees Counterclockwise then come back 90 Clockwise and see if you have compression in cylinder #1
Finding TDC should be easy enough to check Remove the spark plug and feel for the compression try to blow your finger off the top of the hole as the piston rises with both valves closed.
Watch your damper, it'll mark "0" on both TDC compression and again on TDC exhaust. Don't confuse the 2.
If you have compression and the slot is still at that angle pointing 1 to 7 o'clock, then it's right and the problem is with the dizzy for sure.