Chain should not hit the cam cover, Chain may be worn an stretched but also the tensioner may be worn, chain are easy to get. Holden V8 think it was 253 not sure will fit the top and standard 18 fot the bottom. Tensioners are unobtanium.
Cam timing tool is the go.I bought one from the good ol USA but I am sure some one on your side of the country has done the same
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