Yes, match the rotor
Remove cap and take a picture of the distributor so you can see where the TFI module is pointed and the Rotor, so housing orientation and shaft orientation, you can put a mark on the housing matching rotors position
Thats the timing you need to match
You can rotate the engine manually using a socket on the crank pulley to orient the rotor on old sitributor to what ever position you want, some turn it so rotor is pointed to #1 spark plug wire and crank pulley is on TDC mark, but users choice, you don't have to
When you pull out the old distributor the rotor will turn slightly because the gear drive is angled, so when you put the new one in it will rotate in opposite direction, so try not to turn the old rotor after removal and then match the new distributors rotor to its position and it will go in and turn to correct position
At the bottom of distributor shaft is the oil pump drive, this also has to seat
Once new distributor is in and rotor position matched, you may need to turn the crank 1/4 turn left and right to match oil pump drive shaft, and distributor should drop into place all the way
But it may just drop in all the way first time