You need to use the proper tools to lock down the cams, flywheel, and, if you are doing the water pump, the cam gears. If you don't have access to the Miller tools (your own or a nearby helpful member) then rent the tools from GDE.
Read good writeups such as Sir Sam's
http://colorado4wheel.com/content/KJ_TB.html (Note - the removal of all that front end stuff is not essential but is certainly opens up the work area) and
http://colorado4wheel.com/content/KJ_TB.htmlIt's not a hard job just tedious because it's critical you take your time and do things right. Just doing the belt and associated idlers and tensioner is about 4-5 hrs. adding in the water pump takes a bit more but not that much if you use Sir Sam's replace only the working part approach.
You say you think it's "a little out of time"; why? IIRC it's possible to be 1 TB tooth off and still run with no damage to rockers/lifters but more than that produces obvious noise and rocker/lifter damage that must be repaired. The VM engine is not like a gasser where you can adjust IGNITION timing against some timing mark which really adjusts the point at which the individual spark plugs ignite. Rather the point of the cam pins and flywheel pin is to set the timing of opening and shutting of the intake/exhaust valves in relation to piston travel to avoid pistons/valves attempting to occupy the same space as diesels fire by compression not a spark.