hi John nooooo dont jack the engine up, youre right though its a bugger to do, you have to really lean over the engine, mark the notches with tipex (on the oil filter lid) and on the 10 degree notch. Ive only ever had my engine done twice with a timing light, the second time i did it the car ran so rough at the factory set spec that i had to in the end set it by ear. :

: its imperitive the carburetta is set up well in order to benefit from a timing light, thats what i have found anyway.
i hope this has helped a bit john, and i hope someone else can englighten too.
regards
Chris