It's close, but it looks a little deep. I'd say around 0.003"- 0.005" too deep. You can tell by the distinct straight line at the bottom of the tooth. A gear set a little too deeply will generate a good bit more heat than one set more centered. On a low pinion front diff application, setting them up a hair deep is acceptable as the pattern will move up the tooth slightly under load going forward. On a HP application like yours it will move just a hair deeper under load.
To get a better read, I turn the carrier via wrench on the ring gear bolts. You can rotate it so the marking compound is approaching the pinion, then rock back and forth with the wrench. This technique will yield pattern that is much easier to read.