Re: low horse power
I've dealt with timing belts on a few different vehicles, they all suck. The timing is usually off by one tooth ( and yes it will start and just sound like it's kinda not all the way there like your describing, SOMETIMES) Other vehicles I've seen 1tooth off the computer wouldn't even let it crank (stupid Volvo CPS).
My best advice, pull a timing cover off a buddys ranger real quick and count the actual number of grooves in the belt between the lines on the timing gears (does not matter where they are at as long as you can count 'em)
My timing belt lined up with the cam at 5oclock, crank at about 2oclock (-10* on the mark), auxillary shaft at 930.
Or as I measured it: the cam at 1tooth back from the mark on the cover, the crank at 3teeth from top, the auxillary 7teeth BEFORE top.
Hope it helps?
'83 Ford Ranger 2.3L 4Spd, Dual Tanks, 195/60R15's, Welded Rear End TOTALLED AT 483,211 MILES