oh yeah, I see that. Says so on the sticker in my ´78 also. I wonder why the factory suggested this method. I guess it was so that no one would experience stalling when trans was put in gear, due to the idle being set too low
It should not be necesary to set neither the timing or the idle in gear.
You need a dial back timing gun to check and set the total timing. Usually the timing for a 400 or 403 has such a high initial timing setting, that you can't set it much higher without getting in trouble when hot starting...