I understand your mental dilemma. This scared the #$%* outta me too. Too complex/complicated it seemed after reading all the instructional gobbledy gook. After I did it it was a '#$%*, why did that need to SEEM so complicated?!' moment. HOWEVER you need to do this if you're using a high performance cam. I lucked out my first time when I just slapped that Yoshimura Daytona cam in and aligned it like the stocker. No valves hitting pistons but it probably would have run that much better had I done it the RIGHT WAY!
Get that degree wheel Bodi says from Dynoman, APE, etc. A piece of coathanger is what I used for a pointer. Bent a loop and stuck it under a 6mm bolt. At TDC the pointer should be bent to read '0' on the degree wheel. I got a dial gauge and a magnetic base from Harbor Freight. I used a 3" L shaped metal corner shelf brace from Lowes to mount the magnetic stand on. I attached it to the top of the head using one of the valve cover holes and a 6mm bolt. Put the stand on the brace and the dial indicator on the stand. Position it as close as possible parallel to the valve stem above the spring keeper and it's 'pointer' touching the keeper to measure the lift of the valve. When the valve starts to open that is zero on your dial gauge which should correspond to 37 degrees BTDC on the degree wheel. You should have the lash set correctly at this point. You'll rotate the cam shaft slotted sprocket to make the adjustment of the cam to crank to obtain the beginning opening at 37 BTDC. ETC. ETC. ETC. Lock down the 2 bolts in the cam sprocket then rotate it 2 turns and recheck everything. If not on the money do it again. You only have to do this on one cylinder!
Use this, Bodi's explanation and the instructions you have and just play with all this until it starts to sink in to your way of thinking. I'd bet that Dynoman's instructions are Webcam's? If not go to their site also to study. Do NOT get in a hurry. This is probably the most complicated procedure you'll have to do BUT when you get it and look back you'll probably say 'that was a pain in the ass' AND 'that was really much easier now that I see WTF I'm doing'.
Bodi says to use the degree wheel on the alternator rotor. I used the points shaft on the other end. Either will do, just depends on the hole size in the wheel. What you are attempting to do is to set the timing of the cam with the crank so the cam opens the valves the correct amount at the right time so that the valves don't kiss the piston and you get the most performance from your engine.
Lot easier the second time