For future cases, you can look for a new plastic timing belt cover and replace yours.[/QUOTE]
First, +1 on the tooth adjustment.
However, some additional info:
The timing spec on a 2.3 is 10 degrees BTDC (Before Top Dead Center). What this means is, the crankshaft pulley needs to be at the "10" mark on the cover in order to be correctly timed, NOT top dead center (all the way at the top of the piston stroke). Otherwise, the exhaust valve won't have started to open, expelling the exhaust gas to let in more air/fuel. In essence, when you put gas under pressure, the pressure will go to where the containment is weakest--usually through a valve seat or rings. This is bad juju, and if you leave it at TDC, you'll probably have to replace your motor within a couple of years, due to extreme premature wear. The motor will also run like shit, by the way, as well as sounding like it's backfiring under normal running conditions. Bottom line, the motor will sound like it's really sick, when in fact, it just needs to be tuned properly.
First, line the crank pulley at 12:00, the cam pulley at 5:00, and put the oil pulley mark (it's the spoke of the sprocket that is different) in line with the cam.
Now, after you do this, put the belt on per the normal procedure. Rotate the crankshaft with a breaker bar and proper size socket two times, listening for valve-to-piston contact, doing this with the cover on (this is important). Rotate the engine two more times, this time stopping at 10 degrees BTDC.
Next, take the cover back off, being careful not to move the crankshaft pulley. Disengage the tensioner, pulling the belt off of the camshaft sprocket ONLY, in order to finish the rotation of the sprocket to the 5:00 position (one tooth position forward in the rotation).
Put the cover back on, and rotate the engine two more times (I know, this can be annoying, lol); if no contact is felt or heard, then you have successfully timed your motor correctly.
I say all of this because I have done this myself, when I installed another motor in my truck last year, due to the previous motor throwing a bearing, and not having the proper tools to replace all the bearings in the block.
Good luck.