Err, I might have celebrated too soon. On further inspection the cam pulley and notch appears to be completely fine.
The rest of tonights findings is a cold compression test that shows 175psi on 1-2 and 100psi on 3-4. But cold compression tests aren't exactly accurate.
Spark is present on all 4 cylinders, but I did think it looked a little weak.
Also tried starting it by spraying brake cleaner into TB, but didn't help. So definitely not a fuel related issue.
Now, I can't seem to find the timing mark on the flywheel - but this has been replaced. From what pics I could find, there does seem to be a guide pin to correctly position the flywheel - can anyone confirm this?