I've done the CB550 and the CB750 both by the book (two crank positions) and the 4 crank position method. They both result in success.
The book method minimizes work time, that's all, which is important to Honda shop mechanics and their management.
If the piston is at TDC between the compression and the power stroke, the valve better be fully in their seats and that means the lowest portion of the cam profile. To do this with each cylinder means four crank positions.
Honda figured out which valves were at the lowest cam follower position with only two crank positions, and (surprise) that works, too.