Little more progress:
Any reason I shouldn't dump the break in oil into it yet?
Still have a pile of parts... but it's smaller now.
To-Do List:
Install radiator, grill, battery, radiator fan, fill panel, fuel lines, prime motor oil, valve springs and seals, install distributor, and, finally, the valve cover.
When I set up the timing initially I'll bring the #1 up to TDC but what should be going on with the valves at that time? I'd like to avoid being 180 degrees out which, as I know is true, is a 100% possibility no matter what I do unless I know if the intake valve should have just closed on the upstroke (as I assume to be true).