Ref: Chilton's Auto Repair Manual 1964-1971
1 - Remove distributor cap and crank engine until distributor
rotor points to No. 1 cylinder terminal with points open. Check with
your camshaft manufacturer for specific valve lash for both intake
and exhaust.
— Intake No. 2 & 7, Exhaust 4 & 8
2 - Turn crankshaft one-half revolution clockwise.
— Intake No. 1 & 8, Exhaust 3 & 6
3 - Turn crankshaft one-half revolution clockwise to No. 6 firing
position.
— Intake No. 3 & 4, Exhaust 1 & 2
4 - Turn crankshaft one-half revolution clockwise.
— Intake No. 5 & 6, Exhaust 1 & 2
5 - Run engine until normal operating temperature is reached and reset all clearances.
Since the oil flow is through the push rod, oil will flow up under pressure. You should purchase or borrow a set of rocker arm clips to redirect the spray such as these. Otherwise you are in for a messy oil bath.