Matt,
nice write-up.
May I add a few lines?
I do not align the timing marks. This saves me having to turn the engine by hand and through the timing belt (puts enormeous strain on the belt).
I just mark the pulleys and the timing belt in one go in a convenient spot. This way the marking on the pulley and timingbelt are aligned. I do this on the camshaft pulley and the injectorpump-pulley.
Mind, I use a marker that 'sticks' very well.
Then after getting the belt off I transfer the position of the markers on the old belt to the new belt. (side by side)
Then put on the new belt that way that the markers line up with those on the pulleys.
This saves you turning the engine by hand and it shows clearly that the timing belt is exactly on the spot and not a tooth off.