So, your engine cranks (spins with the starter) but does not fire or start, right?
OK. You are on the right track, but are making it more complicated than it needs to be.
1) Turn crank so #1 piston is top dead center, or as close as you can get it. Having all plugs out will help, and don't worry about labeling any of them.
2) Remove drivers side valve cover and verify that BOTH push rods for #1 cylinder are free enough to spin with your fingers (no load on them). If not, you'll need to turn the crank one more revolution to TDC. If both push rods are free, then you're golden!
3) Install distributor if it's out so that the rotor is pointing to the #1 post on the cap. If distributor is already installed, install the rotor and mark where it's pointing. That will be your new, temporary #1 cylinder post. If the rotor is between posts, turn the distributor until the rotor points to a post.
4) Install the wires in the proper sequence and in the proper rotation starting at your new, temporary #1 post, install the plugs, install the valve cover, make sure your ignition wiring is connected and correct.
You engine WILL start and run now assuming you are getting fuel and electricity properly.
You can tune it up as it is, or if the dizzy was out of phase (per the factory specs on where #1 post "should be"), you can pull out it out and re-install it properly, but it's not necessary. That just makes things easier for someone else later.
Piece of cake!