I understand that the pump plunger is already rising slightly when the timing marks align for each cylinder, so you could adjust each lifter to the same 1.736" while on the cam base circle and be sure that there would be no interference as you rolled the engine over in the process of adjusting them.
However I think it would be best to leave the pumps off until you get the housing back on the engine and adjust the lifters. Without pumps installed there would be little to no chance of interference.
If you have the ability to set them on the engine, you have no need for the degree wheel to do the initial setting on the bench.
We have depth mics and 9M4567 & 68 to do the settings - on the engine.
We will have the individual pumps off - when we place the pump body on the engine and properly set the height(s) of the yokes.
My 2 elementary school sons are helping me - and we are using the snow days to get some experience in the shop.
Just using baseline settings to show them how it works and how to use the tools & equipment.
Realize we don't "need" the calibration wheel (fixture) we just wanted one to see how it worked.
Thank you for your input and unless we hear differently, we will set the baseline height (on the bench only) on the base of the cam.