Marty,
The "o" on the crank gear should correspond with one of the crank splines that has a similar marking. The crank gear should have an etched arrow, this is, as Tippie has stated, often very faint and difficult to see. The arrow should align with the arrow on the pump gear. Once all this lines up, you should also see the single punch mark on the pump gear at close to 12 o'clock.
EDIT!!
The stamped "o" is indeed a calibration marking, anything from "-10" to "15" can be found! An "o" etching may be found ON THE OTHER SIDE of the gear! The arrow will also be on that side. The calibration mark was fitted ex-factory towards the engine centre and not visible once fitted.
Took a bit for this to dawn, sorry. Working with the wrong side of the gear makes it all a bit confusing.
As somebody has been in there before, do check the gear mesh between the 2 gears. There should be the slightest amount of play felt at the pump gear. If no play is felt, the crank gear should be swapped for one with a lower/higher number (don't remember which way to go in the case of "o", sorry). Same applies for too much slack. With too little/no play, the gears will emit a horrendous scraping noise with the engine running!
piet