Jimmy

I have a 82 euro TD and it has a very "stubby" pointer just to the right of the piece of metal with the hole. I've had a bunch of 240Ds and have never seen a pointer like that which is what I think you have. I think It will point to the numbers on the balencer when you rotate the engine.

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1985 Euro 240D 5 spd 140K
1979 240D 5 spd, 40K on engine rebuild
1994 Dodge/Cummins, 5 spd, 121K
1964 Allice Chalmers D15 tractor
2014 Kubota L3800 tractor
1964 VW bug

"Lifes too short to drive a boring car"