Yes, you don't have to have a timing tab IF you can be assured you have your #1 piston up on TDC (Top Dead Center) And for the mark, it doesn't even matter if you're on compression stroke or not. You just want to make sure the piston is at it's very top. And if you're off by a couple degrees in either direction, so what. Chances are you're off that much with timing chain slop anyway. That's all the Tab does for you anyway is nails down TDC location on the balancer. And then the degrees marked are for those to use a cheap timing light. But you can even eyeball guesstimate without a tab too. Are you using a degree wheel timing light or a just a standard no dial light? I like dial lights and then you don't need a tab at all, even to check vac advance and full advance at high rpm as long as you have a mark for TDC.
The tab you will need will all depend on which balancer you have. Motor doesn't matter, water pump doesn't matter, cast #'s don't matter, period, all that matters is the balancer and where the TDC mark is in refernce to the crank timing keyway. I'd have to do some digging now to tell you which is which. Whethere the balance be a bigger diameter, or thinner or thicker balancer IIRC is what matters as far as measurements. Forgive me, it's been awhile or I'd know this **** right off the top of my head, but I sometimes now get confused between Big Block, SBC 400 and SmallJournal SBC, since they all vary. Then there is those that don't have a timing tab, they have a hole for a probe. That was GM's better idea thinking it would keep shade tree mechanics from working on their own vehicles.