Best way to adjust valves on a 235?

I want to adjust my valves on my 1960 235 (hyd lifters) I looked at the shop manual and it gives a simple procedure: Bring it up on TDC on #1 take out any play and go 1-1/2 turns past that, Then move onto #5 clylinder ect. Is this the best way to do them?
On SBC's I know alot of guys like to do them with the engine running: back it off till its noisy then tighten till it stops making noise and go 1/2 turn extra.
Any pros or cons to diong it one way or the other?? This is my first 235.
Thanks, Todd

 

do it the way the manual says or the way stove bolt says...

http://www.stovebolt.com/techtips/valveadjustment.htm

 

Everyone gives me hell for it, but I like doing it with the engine running.

It's fast and I get a cheap thrill from listening to the engine smooth out as I go along.

It gets a bit of oil on things but it you wipe it up quick, it's no big deal.

 

i like to do it with the engine running. i think it's 1 full turn past zero lash. one turn past clackin'. i have a tappet cover with top cut off and use the clips to plug oil holes on rocker and no mess. the rear exhaust it a little hassle to get to. good luck.

 

Thanks. Probably get it done tomorrow. Gonna do it warmed up and running. Todd

 

1 1/2 turn seems a lot, you will be able to watch the valve so make sure it isn't trying to open the valve.
Just to be sure, when at TDc you can't do all the valves at that location, you will need to roll the motor over to a specific spot and that is a hard motor to locate since the timing pointer is on the flywheel, right? Or do you have a newer version?