Hard to say Kevin. I can see your theory - question is whether you'll be able to execute it as accurately as following the standard timing method. However, I fwould be interested in seeing your results. If you follow your plan, you can still check timing at the end after refitting the components. If you find that the timing is out, you can always re-try your method and if all else fails, using the standard method. One thing that I found though is that there is a dowel locating the adjuster body that bolts to the head. you would need to slide the body with can and components forward enough to clear that dowel, about a quarter inch if I recall correctly. The other challenge might be if the body gasket needs replacing. I'm not sure if the paint stripping off the gasket disqualifies it from reuse but if it does, you might find that an issue too. But again, you can always revert to the standard method if this doesn't work out. You're only going to be down four cam sprocket bolts, assuming you're going to use the cam timing tools to verify that your method has resulted in correct timing.
The standard timing method is what's outlined in the service manual, which is basically to use some timing bars in the front of the cams to align them with the crank at TDC, and then tighten up the cam sprocket bolts (paraphrasing - there's a bit more to it than that).
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