I just put together a brand new all aluminum 621 cubic inch engine, with a brand new Milodon gear drive and ATI balancer. The fixed pointer in the Milodon cover was 6 1/2 degrees retarded. That one really surprised me with the high dollar parts,, but I went back and checked it several times to make sure.
It's reasons like this I have my own initial timing method on BBF's and a Silver Sharpie marker. I'm sure I can come up with one for BBC's too, if I ever really start really messing with them, but Barry's probably already got a short, sweet, easily field useable one to address stuff like this on bowties.
Never trust a timing mark, tab, pointer or the marks on a balancer until you PROVE they are right, is all I can add to this lesson. (Same with timing sets gang)

Skip, get the momo together, we got river cruising coming up in 10 days........
Ray