It's a 4 stroke motor so 2 full turns of crank results in one full turn of the cam (be the cam in the block's valley or above the valves) and you should always be back where you started.
When number 1 piston is at the top of the block, the valves will give an idea which part of the cycle you are on. With #1 piston at the top of the block, as the crank is rotated, if the inlet valve starts to open then its on the induction stroke. With #1 piston at the top of the block, as the crank is rotated, if no valves open then its on the power stroke.
With an interferance designed engine, pistons can hit valves if the crank/cam relative postiion strays too much. How much is a safe margin to stray I've no idea before parts start to hit each other. But if the crams have fallen 5 teeth behind (retarded from) the crank, I'd think you should be OK to just turn the cam 5 teeth forward (advanced) of the crank to get it back to correct timing. Then all the chain and cog links and marks should line up, and 2 full turns of the crank and they should line up again.
Basic stuff when it's just one chain. More complex when there are three chains involved like in the V6.
With Holdens V6 they stage the install over a two stage process using cam locking plates. Presumably stage 1 is with #1 piston at TDC and with #1 valves in the induction stroke (but I'm not sure). At this stage, the crank mark is at 23 minutes for stage 1 where LH bank chain and then the primary chain is fitted. The crank is then turned to the 43 minute mark for stage 2 of the process where the RH bank chain is fitted. The cam locking plates are used to ensure accurate cam timing is set... It's explained in the Tech Talk doc below which you can download:
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