If your timing is at tdc then it should point to the first cylinder i think thats right.
Yep, thats correct.
Goon, to make it face no 1, mark where no 1 is on the actual dizzy (where no 1 on cap sits on the dizzy) remove the dizzy cap, undo the lock bolt and turn the dizzy. When the rotor lines up with the mark you have made you are in time.
Hope you could understand that, sorta hard to explain...