Guys - I rebuilt the 350 that's in my Kaiser project and it's never been run (yet). I've got a T-5 behind it and over time, I've managed to turn the crank enough to where I'm not sure where the stroke is. When I put the beast together, I used lots of that white (moly?) lube in the plastic tube for new engines.
My idea is to, with plugs out, hit the starter and watch a pressure gauge I have in #1 cylinder - driver side front.

1.) Where should I spot the hash mark to match the distributor under the #1 wire... and

2.) Am I safe to use a hand switch and move the works 1/4 turn at a time without oil in the crankcase?
Might be fall or late summer before I'm ready to run the engine and maybe I should just wait until then to do this with a sump full of oil..?
One more thing, it's been a long time but I seem to remember I once stuck a long screwdriver without the handle, chucked in a drill and spun it to prime the system.

3.) Do I slowly spin it counter-clockwise? Duh... too many questions, sorry.