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I recently (a couple months) marked TDC on my balancer when I had the motor apart. The balancer didn't have any marks on it previously. I've driven it hard a couple of times since I got the car running well about two weeks ago. The balancer is not keyed to the crankshaft. I went to check timing tonight and it seems it's slipped about 20*. Is this normal for non-keyed balancers?
As far as why it doesn't have a key, the motor is a modern LT1. The crank had a slot for a key but didn't have one and the balancer had no slot to accept one. I used a grinder to make a key slot on the balancer hub and put a key in the crank, but wasn't ever able to get them matched up correctly so I took the key out. I figured if that's the way they come stock on LT1s, then it'd be OK to leave it that way.
If this is all normal, is there anyway I can accurately shoot timing without having to remark TDC every time I want to take a reading?
Are you sure it is not keyed? I think most factory balancers are keyed, but if you look at one closely the outer ring is separated from the hub by a layer of rubber. I think the problem when they slip is that the bond between the rubber and the inner hub or outer ring lets go, or the rubber tears. I think you need a new balancer.
The late model LTx hubs are NOT keyed even though the crank is. There is a pointer on the hub to help install the hub in the "proper" orientation. I agree, this is a dumb way to design things.