First thing is don't stress about this Zac, this is how we learn to maintain and keep our rides running. I have never done a timing cover with the pan in place so even though I understand what the guys are saying aboutn trimming the lip on the cover I have never done it in practice. My experience has always been outside of the car with the engine on a stand but that doesn't mean I would hesitate to do one in the car just haven't had the need to. I found these 3 links that may help you some.
In this first link look at the slide where the mechanic is holding the timing cover in both of his hands. His right thumb is on the lip we are talking about. That lip creates a U shaped pocket with the front surface of the timing cover and this is where the thick rubber gasket is installed. I believe what gets trimmed is the corner of this lip that you can't see under his thumb. Maybe Jeff or someone has a picture of this area on the timing cover that they can mark up the area to be trimmed and post for you.
http://www.4wheeloffroad.com/techarticl ... index.htmlhttp://www.chevyhiperformance.com/techa ... index.htmlIf you have any more questions let us know and we will help however we can. Good Luck!
In the third link there are some better close upp pictures of the timing cover and how it sits on the engine block relative to the oil pan that may help you visualize more of what youre up against.
http://www.streetrodderweb.com/tech/110 ... to_12.html