Seems everyone has their own method..
Me,I like to adjust hydraulic lifters "cold" with the engine off,via the Motors or Chilton's manual method-..they tell you to turn the engine over to #1 TDC compression stroke and adjust the following valves :
Exhaust valves on cylinders # 1,3,4,8
Intake valves on cylinders #1,2,5,7
Turn engine to the #6 TDC compression stroke and adjust:
Exhaust Valves on cylinders #2,5,6,7
Intake valves on cylinders #3,4,6,8
The rocker nuts are tightened just enough to "feel" the pushrod become too hard to spin by hand,that is "zero lash"...then tighten the nut the additional amount of turns specified,usually 1 turn from zero lash..(some anti-pump up lifters or high lift cams do not need as much pre-load,and may specify 1/2 turn or other spec--best to follow the reccomendations provided with the particular cam selected.)
If done right,you can slap the valve covers on and start it up with no need for further adjusting--though sometimes a "running" final adjustment does make it run better,especially if you put new lifters in and they may not have been fully primed..you might want to get a pair of crappy valve covers to cut open to use while adjusting to prevent oil from splattering all over the car,you,and the shop..
Those "oil deflector clips" they sell can fly off in the middle of the job and make a big mess..in a pinch I have cleaned the rocker arms off with carb or brake cleaner and put duct tape over the push rod holes--it lasts long enough to get the job over with usually.