Guys, I was kind of expecting a lot of wear on the chain, but to my surprise when i set Crankshaft at TDC, the camshaft mark is aligned!!!... Really! ..

Too good to be true, but it seems the PO did a great job with this car... The top (tensioning?) rail is still the metal one!
I even have a picture, but don't know how to posta pic in here.

Grab the timing light and, at idle with vacuum connected, it is around 8* BTDC.
The engine feels great, I even drove around the block and it seems perfect.

My strobe is very simple and I don't have a tach so I will need to visit a mechanic to help me with correct timing.... But which numbers should I use?

I think the distributor not being the correct one is really messing with the position and im afraid the numbers I have for timing may not be the correct option.

Manual says 5*ATDC at iddle with vacuum.