I say get it started and idling right away, the fastest way to get oil everywhere is by turning the oil pump at idle speed. No need to rev it til there is oil everywhere anyway. I think cranking an engine with the coil wire removed " which is what my friend does to his 500 h.p. small block, MIKE !!! " would just be hard on the cam. - but thats just me thinkin'
remove the dizzy and get a drill on the oil pump. Prime the system and turn the crank a few times by hand, this way you'll get oil in the whole system similar to when you start an engine for the first time
Ha ha ha, you're both going to be ok if you either prime it with your drill throught the oil pump or if you crank it for 30 seconds or so without the coil wire on. The cam should not indure any trouble doing this.
Well, I decided to go the coil wire off route and I cranked it for around 5 seconds or so. It started right up and I drove it to the pumps for a nice fill up. Ran smooth as silk, but idles real rough. I wonder if the sta-bil fuel treatment had anything to do with this.