I am relitively new to the m42 motor, and did the same thing with a cracked head, I had the alinging tools, yet " felt" and feared if it was right, and with help at the forums, double checked everything
I had no interference
but my big scare came when I went to first turn it over and build pressure in the oil systme ( wihtout plugs in ect) and got this strange knocking noise
, worried me, looked into it,again, since I was new to the m42 and I had already spent a ton on repairing the cracked head, I did not want to proceeed without checking wiht others checked on the forum and found it was the tensioner and gudes slapaing until they had oil pressure
after cranking several times and having good oil pressure, and no slapping, I put the plugs in and started it