First things first tho Nathan. Finding TDC on a 460 ford, and actually finding 10* BTDC is pretty easy, and more important. Rotate the engine so you KNOW you're coming up on compression stroke on #1. When #1 is at TDC, mark the dampner, start watching #6, a coat hanger works for this as well. As soon as #6 starts to go down, mark your dampner again, that is 10* BTDC within a degree or two. Put the dizzy in pointing the rotor right at #1 and you can't go wrong.
Boat will fire and idle every time using that. (I've never had a timing light on the Moo, just a seat of the pants adjustment from those settings.)
Your boat sounds like it fired again and ran OK, so sounds to me like you may have aquired a throttle linkage bind or your throttle cable isn't installed as it originally was. Just thinking.
Ray
Edit, shoulda noted, rotate the engine backwards from running, so it's tighteneing the crank bolt! All this relates tio that!