Starting a new rebuild doesn't have to be a difficult process.
a. Put the thermostat in ahead of time. I recommend 180 or 190 degrees. Rings trying to seat will cause the temperature to climb above either anyway. So the thermostat will open wide. More important, make sure the radiator is in good condition and when the thermostat opens and the trapped air escapes, be ready to give the system the little more 50/50 (or water). ( At least back flush the radiator it even if you know it is OK. You can do this with your air hose and a garden hose.)
b. Dowse the valve train with oil. Use Marvel Mystery or 10, 20, 30 or 10w-30. Your call. I use Marvel Mystery oil. Make sure it runs down into the holes for the push rods and throughly lubes the valve rockers and shafts.
c. Use a 12 volt battery to spin the engine good with the spark plugs out. This will get the oil a-going.
d. Adjust the timing statically and adjust the rockers statically also. A thousands or so on the loose side wont hurt. You can tweak them later.
e. Pour a little raw gas or spray starting fuel in the carb and fire it up. Make sure you're outside and the fire department is standing by. Just kidding. A good fire extinguisher, however, is always recommended. No matter what.
Using the above method is sound and will not cause any significant issues later on. Trust me. (As the gangster's girlfriend said when she visited him in jail: "You know I love you. You can trust me completely. You know for sure that I will be waiting for you when you get out in forty years. I promise. So... where did you hide the money?")
While spinning the oil pump may be a good idea, it is not critical. When it fires up the oil will be there in a heartbeat anyway. Until then, the dowse method will suffice and rebuilders lubriplate(sp) will protect the journals until the oil gets there. Nothing is going to weld together or get damaged that quickly. Forget the ZZDP, you don't need it. A waste of time and money. You don't need any lighter oil in the crankcase other than regular old 10w-30.
The difference in the long run of spinning up the oil pump, using ZZDP, no thermostat, and all the other stuff can be measured years later in feet, not miles, down the road. Nothing more. As Ray indicated, I think mechanics block may be okay.
Don't "over think" or worry over this issue. Those old engines are tough.
Now you're going to get a lot of advice starting off with, "Charlie, is nuts" or words to that effect. Well, that's true enough, so listen to whoever you want to and good luck with it. Either way, you'll never know the difference.
Charlie