Check the Balancer Shaft gear(on the clutch side where you check the arrow/dot alignment thru the round plug , make sure it is on when the flywheel mark and the sprocket marks are level , you should get all three if everything is correct , since it is a new chain , that eliminates the stretch issue that would cause misalignment , so it is back to installation ...... or gear slippage ..... What you might try , is look on EBay at some used stock cams from the same year , see if they have side pictures of the sprocket , so you can see distinktive casting marks and where they align with the gear and cam , then compare them to yours , and see if everything looks the same ..... compare several of them to make sure there are consistent points that are the same , this would be the reference points to confirm the gear has slipped or not ..... that should give you a good conformation on whether the gear is the issue , or it is something else ..... aside from also checking the gear marks in the large plug on the clutch side and the small plug for the flywheel on the ignition side , and then look at the cam again and see if it is off ..... since ALL 3 should align no matter what , so compare the cam gear marks to the Balancer , then with the flywheel separately , see what aligns and what does not , each on its own should align
Cam gear/Flywheel marks ... Aligned ???
Cam Gear/Balancer .... Aligned ???
Balancer/Flywheel ... Aligned ???
Balancer/Cam Gear ... Aligned ??? , etc. etc. , no matter the order , each should align with each other every time ..... and should do so with tension on the chain .... and all 3 should be in alignment as a whole ...
Also , when checking ...... Align everything as close as it will get , then rotate the engine by hand a revolution , so the cam lobe is pointing back at the same 2 O-Clock position again , then recheck marks , they should be the same , and/or aligned , this will eliminate any variance from chain slack throwing off visual marks .... every complete revolution , everything (all 3 marks) should be aligned or in the same location , every time , check it several times , to get a consistent reading ..... .... That should point out any variance that would be causing a issue , if it comes up that the 2 others are aligned , but not the cam no matter if you move it 1 tooth in either direction and then check , then it is possible the the gear did slip .....
