Read these posts, there is some great info to be digested.
My only susgestions are using the moly grease which should be supplied by the camshaft mfg. on the new camshaft lobes,lifters & distributor drive gear & fuel pump lobe. Another precaution is use ford camshaft & lifter prelube # M-19579-A991, or use GM EOS, engine oil supplement available from any GM dealership. Then use mineral only, no synthetic oil yet. Start the engine after you have prelubed it with a drill to build oil pressure direct to the oil pump shaft. Turn the engine over with a breaker bar for several revolutions while priming the oil system. Install the distributor, top off the coolant level,make sure fuel is in the carb, get the engine fired up as soon as possible, bring it to 2500-3000 rpms for 15 minuites to break in the camshaft. Drain the oil & change the oil filter ,fill with mineral oil again 10w-30, then take it out on the road after topping off the cooling system & run the crap out of it, drive it like you stole it. Let the engine cool down, check for any leaks & proper coolant level. Set the timing & carb idle speed. Then after a 1500 mile breakin, if you do decide to use synthetic oil that is the time.
Today the synthetic oil is the only way to go, you benifit from superior engine protection & camshaft & rocker arm wear.
Using this method, i have not wiped a camshaft yet & have had no problems yet with ring seating.
Also tighten the header bolts several times a day for several days till the header gaskets compress for a proper seal. Doing this will ensure no blown header gaskets. Do this religiously & you will never blow a header gasket again,as long as the head surface is flat & the header flanges are not warped.

william
After the break in period, use the mototcraft oil filter FL-299 which will allow you to use a full 5 QTS. Credit mustang geezer for this info