Definitely set both engines to tdc compression, take the distributor cap off and mark rotor position on the distributor body, and mark distributor shaft housing to a common location on the block. I use the timing clamp bolt for reference when you lift the distributor the rotor will move, mark that new location as well for a starting point when you reinstall the distributor it will save you a ton of work during the timing phase at start up. seems anal but its worth it. Should have mentioned before make sure you check the casting numbers to see that the engines and the heads match up with yours.