No. The rocker at mid point between maximum lift and the base of the cam must be at 90 degrees to the pushrod. If its out even a degree or two, there is a risk of the rocker ball socket will wear, and the valve lift and adjustment will be off.
There are a few pictorial accounts of this happening on some 200 I6's here. (when using bigger cams, non standard heads or roller rockers when you haven't been able to do all the math).
According to wasiii, there are 302/351W lifters which are designed to run with oil through type pushrods and have a 150 thou lower start point than the normal 200 lifters. If you deck a block 80 thou, and the head 40 thou, and use the later rocker tube and oil distribution system as found on the post 1972 heads, you could sort out 120 thou of mismatch with just a lifter change. Then you need to get advice from an engine builder.