most rocker arms aren't adjustable, what year is your engine? IIRC 200"s never came with adjustable ones, so unless you bought some adjustable ones, you won't have to adjust anything.
to install the distributor, make sure piston #1 is on its compression stroke at top dead center. if the head is already on, take the valve cover off and pull the spark plugs out.
put your finger, a dowel, or something else in the spark plug hole for the piston to hit when it comes to the top of its stroke. i've used 1/4" extensions before, so anything will work, just remember to turn it over by hand. Not with the starter, and don't drop it in there. if the piston is at the top, and both valves are closed, you are on the right stroke.
if the exhaust valve is open, remove your stop, turn the engine over a bit, reinsert stop and continue turning the crank a full 360* (until the piston hits the stop again). you will then be on the compression stroke
then insert the distributor with the rotor pointing towards #1, the rotor will rotate a little as it goes down, so anticipate that. DONT FORGET the oil pump drive shaft. put the hold down and bolt in and finger tighten, you'll have to play with the timing to get it to fire, so don't tighten it all the way.
put on the wires and your done.