Re: 1984 5.7L thunderbolt 4 timing chain question
Someone said this already but when you have the timing cover off and are at TDC you want the dot on the cam sprocket right above the one on the crankshaft gear.
Seems to me I read somewhere that the hot rod guys would actually retard the cam in old cars for power. So if your cam is timed late I'd be surprised, maybe if it's advanced you motor would feel weak.
I'd stay exactly stock with the cam timing, there are too many places you could go wrong changing cam timing.
I put on a timing chain this winter when I had my motor out for a reseal. I just got a Chevy truck chain from Rockauto or Summit or something. I think it cost $18. My 25 year old motor had maybe 5/8" deflection on the old chain, the new one is maybe 1/8" or 1/4" tighter, but I was in there and it was cheap and easy, so I did it.
If you decide to get one you also need a timing cover gasket, a pair of water circulating pump gaskets and some Mercruiser Perfect Seal, the best gasket compound in the universe. You can't get the timing cover off without removing the oil pan. If your oil pan gasket isn't new get a 1 piece reusable type.