Actually, No....
If you put #1 cylinder at the TOP of it's stroke, then the flywheel should be showing TDC (Top Dead Center), that is 0 degrees...
So, with #1 piston at the top of it's stroke (highest positon) you should be at 0 degrees or TDC....
If at the highest point of the piston (#1) you're seeing 20 degrees BTC, then I'd take that as a clue the key might be sheared actually..
When I did that test on mine, #1 at highest point had TDC exactly 180 degrees off..
When #2 was at it's highest point, I showed 0 degrees.. (TDC..)
It was enough that I had to ask here which cylinder was #1..
Of course, it's the top cylinder.. So.. I had a sheared flywheel key..
Even though you're seeing 20, and that matches a figure you have for timing, that is NOT correct when #1 cylinder is at the top of it's stroke..
At this point, Pull the flywheel.. I'm really betting the key is sheared..
Sorry..