That procedure is correct for all hydraulic lifters.
Mark the valve tip with a magic marker.
Bottom out the plunger.
Turn the engine thru and see where the patter is at.
You are looking for the NARROWEST pattern closest to CENTER.
Adjust your pushrod (adjustable variety) until you establish the best pattern.
Now SUBTRACT the amount of travel you plan on running from that number. Most pushrods are sold in .050" increments, so plan accordingly.
There are quite a few different lifters out there as far as plunger travel in concerned. In most cases you can simply subtract .050" from your results and you'll be pretty close to where you need to be following traditional methods for adjusting hydraulic lifters.
With Rhoads, some of them are set with a feeler gauge using specific values as we are seeing here.
It's still simple math either way, and a very important part of engine building. Finding the best geometry using pushrod length provides the most transfer of motion to the valve and least side-loading at the same time.......