ok, enough of this confusion. First question/answer: To set the points you can do it with a feeler gauge by setting them to open .020" at their widest opening. OR you can do it correctly by adjusting them to just barely start to break when the pulley is aligned with the mark on your picture. There is a second mark for the other set of points.-----Belt timing question/answer: Look at your picture of the belt pulley. See that line cast into the mounting bracket, right above your yellow arrow? That is the belt timing mark. Align mark on pulley with that mark (flywheel also aligned with it's mark) and slip the belt on. Simple.