Yup this is what I always do on older engines. Newer stuff without a distributor just dont hook up the fuel system or just use clear flood mode to crank it over without firing. Do it 5-6 times in short bursts and your oil system should be primed and ready for the engine to fire.An old school racers trick I thought about earlier today - if you are building an engine that (and most every engine I've ever built has had this setup from Lima 2.3s all the way up to big block Ford & GM) doesn't have the cam directly geared into the oil pump, you can rig up your distributor and a power drill. Pull the worm gear off an old distributor, push the shaft back into your block, then put the rotor end of that distributor in the chuck of the biggest drill you got. Pull the trigger and you'll pre-lube all your bearings in five minutes or less. Turn it over with a socket wrench a couple times while you do this to make sure all the bearings get the good stuff. Then put a distributor or blank shaft back in depending on your model and fire her up. Assembly lube not required. I do love me some $2.99 axle grease though.