Oh, and there's no distance that equals degrees. As the crank angle changes, so does the distance that the piston moves for each degree of crank rotation.
And the way you do it is with the degree wheel. You drop the piston to BDC, put a ring in the bottom of the cylinder, install the jug and snug up two bolts place diagonally, then rotate the motor over slowly until the degree wheel hits 118. Reverse the rotation back to BDC and remove the jug.
Now the bottom of the ring is at 118. You mark it with a sharpie, and remove the ring. Grind up to the line, but watch the angle of the grind. Go in too perpendicular to the cylinder wall, and you can cut though the jug.