Ok, According to Iboats' specs page, your boat is "This inboard/outboard runabout is 18.25 feet long and weighs 1860 (pounds dry). This weight does not account for passengers, fuel, or gear. The beam of this craft is 84 inches. "
and came with either a 3.0 or 3.0LX.
My first thought is, this boat is going to be DANGEROUSLY fast if you get it straightened out and if its your first boat, PLEASE be careful!!
Second, you may have other issues besides your timing. Your boat is very light for its size, a full 1000 pounds lighter than my Baja of the same length. I can't imagine a 350 struggling to get your boat out of the hole with a 23 pitch prop no matter what drive is on the back. Your boat has been modified probably more than you realize and in order for these guys to help you, you will need to identify your drive's gear ratio also. My 1995 Alpha 1 has the gear ratio printed on the sticker that wraps around the upper drive. On the passengers side of the boat, look at the multi colored sticker on the upper drive and see if yours is printed there on the lower left corner, under the M in Mercruiser. If not, you will have to ID it by its serial number.