On a true '66 timing chain cover, it'll just be a little nub sticking out, with what looks like a screwdriver blade (flat head) on the end. Sometime between then and '69 (don't know exactly when) they switched the covers, and they started using a bolt on timing mark with an arrow that is flat and actually protrudes over the balancer.
You may have the later chain cover without the bolt on pointer (my '66 is like that). I recently acquired the correct '66 cover and will put it on when the engine gets transplanted to my son's car in a couple weeks.
If you always do what you've always done,
You'll always get what you've always got
http://www.classic-mustang.net/johnpro
http://www.classic-mustang.net/john66/mustang/pics/66fsides2.jpg
You may have the later chain cover without the bolt on pointer (my '66 is like that). I recently acquired the correct '66 cover and will put it on when the engine gets transplanted to my son's car in a couple weeks.
If you always do what you've always done,
You'll always get what you've always got
http://www.classic-mustang.net/johnpro
http://www.classic-mustang.net/john66/mustang/pics/66fsides2.jpg