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If it makes you feel any better, you've made a common error based on a false assumption. The common misconception is that 12 & 6 timing mark alignment coincides with TDC compression on cylinder #1. In fact, when the cam and crank gear timing marks align, the engine is on TDC compression for cylinder #6. The camshaft timing mark is straight up when on TDC compression for cylinder #1. So, there's nothing wrong with your gear set & chain installation - you just stabbed the distributor 180° out. As to the other issue, about how many miles/hours are on that 'new' timing chain? How deep are the chain marks?