"When I place the notches on my crank pully in line with the 0' mark on the lower timing belt cover, the white paint on the cam and intermediate sprockets are not in line with their respective rear cover marks. What gives?"
Assuming your "brand spanking new" Harmonic Balancer is good (hopefully not MTC), and the crank is actually at "true 0°" (as in photo below), then the belt is not installed correctly.

" I will disassemble and recheck the 3 keyed sprockets for alignment."
Have you done that?
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Bruce Young '93 940-NA (current), 240s (one V8), 140s, 122s, since '63.
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