I NEVER set lifters LESS than .140 Deep,,,, Figured from "0" lash and using the Trds per inch on adjustable P-rod to get the diminution......
The Full travel of a lifter (normal with no Travel Limiter) is .200 to .212...
If you want to set them ONCE, Use the .140 and be done with it.
With Travel limiter installed. (in a proper cam adjusting position) Tighten adj pushrod until the valve opens... Staying open a little,,,,,,, after ALL the oil bleeds out of the lifter (Fully collapsed) Turn the adjuster (shorten) until you can feel the valve close... The adjuster turned until the p.rod Just starts to turn freely with the push-rod between your thumb and forefinger...
Go One to Two Flats (loosen) Most... Lock it down... Ready to go to the next one.
signed....BUBBIE