Yes, the harmonic balancer should read 0? and the marks on the cam gears should align with the marks on the rear timing cover (straight up and down). Keep in mind that every other rotation, they will not line up.
Also, this would be a good time to verify the timing belt is properly tensioned; that sound in your video that Cre referred to sounds horrible, and it does seem like it's at the front of the engine.
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1989 7MGTE R154 Targa Top White Package w/Blue Interior
Driftmotion 57trim CT26, Upgraded Intercooler, 2.25" Hard Pipes, 3" Turbo Back Exhaust with Test Pipe, HKS VPC w/GM 3 bar MAP sensor, APEXi S-AFC, Walbro 255lph fuel pump, ProSport EVO Series Boost / Fuel Pressure / AFR gauges, Lotek a Pillar Gauge Pod, HKS Type 0 Turbo Timer, Eibach Lowering Springs, Tokico Illumina II TEMS struts, custom powder coated Motegi Racing TrakLite wheels
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