It is a little more in depth. I recommend removal of all spark plugs for making it easier to turn over by hand. But, you have to take out #1 spark plug and create a stop of some sort, just so the engine will not rotate completely. I have used a Philips screwdriver before stuck through the spark plug hole. This must remain at the same location and depth for both marks. Do not use the starter. Gently rotate clockwise by hand until it stops against your stop. Now make a mark on the balancer at the pointer. You can place masking tape on the balancer and mark on this instead. Next, you must rotate it counter clockwise until it stops against your stop. This will be almost 1 complete revolution. Now, you will make an additional mark on the balancer. TDC is the point halfway between the two marks. Verify that this lines up with the machined mark on the balancer. Remove your stop before doing anything else, so that you don't forget.
Bill M