Bad Compression, Rebuilt Engine...

[john]

Here is a pic of the crankshaft and oil pump. To the best of my knowledge it is all ligned up on the bottom. Look right to you??? When I align the cam marks the crank and oil pump are each a tooth off (past their marks). Should I have the timing belt put on right or pull the head? Do you think the valves are gone? I guess I could throw in some ARP's and get rid of more crap if I pull the head. What do you think? Will it run if I just swap the belt on their right? Pic of aligned front case with pic above:

Thanks for the help, John.