There's a timing hole in the crank sensor pick up which should be at 12o'clock and allow a pin to fit into a hole in the block. Camshaft has a timing hole - about 2 o'clock. There's a timing hole in the pump too, but not sure how much this matters. The hole in the back plate into the flywheel is not for timing. Plenty of vids on you tube doing belt changes on these engines. I did hear tell that if the head has been off the hydraulic tappets can lose prime, and you get no apparent compression to begin with - it may be necessary to tow start it as the starter may not spin it fast enough to get the oil pressure up.
www.youtube.com/watch?v=sv1DPG426Q0
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