Timing cam sync issue

[Evans04]

rebuilding my first mustang motor and running into a small issue. I can't seem to get my cam synchronizer set at 54*when at TDC. The closest I can get is right at 62*. if i go one tooth the other way its at about 38*. Will this matter if its at 62*. I am using the tool to set it by as well. Also, does anyone know what the hash marks on my Crankshaft pulley refer to. It starts with 3m3 then hash marks down to 313. TDC seems to be right in the middle of these marks. If i set my timing at the 3m3 mark, I can get the 54* on the synchronizer but the piston is a few degrees before TDC. Can anyone please offer a suggestion on this? I've read every post I can find on this, but none seem to have this particular issue. Thanks