WOW! All that seemed to be quite complicated to me.
My thoughts on how to best accomplish perfect cam timing if you cannot insert a flywheel locking/alignment pin.
This procedure would establish TDC (top dead center) for #1 piston and then using a degree wheel and long neck dial indicator would then allow you to establish a perfect 90 degrees ATDC crankshaft position for cam timing (after top dead center)
1. With the cam belt on and tensioned and both cam pins REMOVED, cam sprocket bolts tight.
2. Rotate engine until crankshaft timing notch is pointing straight up to 12:00 position, Piston 1&4 at TDC.
3. Remove fuel injector for #1 cylinder if it is not already out.
4. Insert long neck dial indicator with bridge through injector hole until it contacts the top of the #1 piston, then preload dial indicator some and then set the dial to zero (0) and tighten set screw for dial indicator.
5. Watching dial indicator, rotate engine using crankshaft bolt back and forth slightly until piston is a TDC using movement on dial indicator to establish TDC (Dial indicator peak reading)
6. After TDC is established; install degree wheel on the crankshaft sprocket and set it with the ZERO (0) pointing perfectly straight up to 12:00.
7. Now slowly rotate engine and stopping at 90 degrees after TDC. 90-degree mark on degree wheel pointing straight up to 12:00 position. Zero mark on degree wheel setting/pointing to 3:00
8. Remove tension from timing belt tensioner and remove timing belt.
9. Lock camshaft gears using locking tool or other device and loosen both bolts on camshaft timing gear sprockets. Loosen enough to allow cam sprockets to be able to spin on camshafts.
10. Insert timing pins into the camshafts. May have to rotate cams slightly to get the pins to go in.
11. Now with cam sprockets loose and cam timing pins installed in cams, install timing belt.
12. Tension timing belt to proper tension while being careful NOT to allow crankshaft to move. It must remain at 90-degree ATC. Zero mark on degree wheel setting/pointing to 3:00
13. Tighten cam belt tensioner.
14. Lock cam sprockets so they cannot move using locking tool or other device and torque cam sprocket bolts to 80 ft. lbs. Remove cam sprocket locking tool/device.
15. Remove cam timing pins.
16. Rotate engine over by hand several full revolutions and stopping the rotation when you get the ZERO (0) mark setting/pointing to the 3:00 position.
17. Now reinsert the cam timing pins, they should be in perfect alignment and allow easy insertion.
18. If they don’t, they you will have to go back through the entire process again as listed above.
19. If the cam alignment pins go in easily; it is done, job well done. You are finished with setting the cam timing perfectly!