500/550 cams notch to 3:00/9:00. But, the position of the cam lobes on 1/4 will tell you which is in compression. don't overthink what is happening with your rockers currently, especially if you've adjusted them improperly.
You can also determine which cylinder is at TDC by removing the spark plug, and using a wooden stick to measure the cylinder depth between 1/4 to confirm where the piston is.