I'll try to help, but I need answers to some questions first.
What camshaft is in the engine?
How far back, in feet, is your sensor from the manifold flange, or is it headers? And a note, it's mounted upside down. Should always be in the too 180*.
Measure the diameter of your balancer, order a timing tape from Summit, I use them exclusively, wipe balancer surface down with brake clean a couple times and then apply the tape. Line it up with your tdc mark. I usually verify tdc before I do this. I peel the part with tdc mark first, stick that on even with tdc mark and then slowly peel and stick all the way around the balancer, use a breaker bar and socket to rotate the balancer as you apply.
Set your total timing to 32 to start with. This is with the vacuum line off the vac advance port.
Answer tge questions for me first and then we'll talk about your WB readings.