Time to devise a plan (actually, time to work on my Ph.D but making plans is more fun).
First, i'll change the timing gear. That is easiest done with the engine assembled so it has to be done as the very first or very last step, so i'll just start there. It will also give me a reference point when doing timing-related work later on.
Then the flywheel will go off so i can change the rear crankshaft seal.
Next, the cylinder head will go. This will basically leave me with a stripped block, close the lowest weight achievable. I'll use this to my advantage by changing the oil pan gaskets. As the engine sits on the oil pan right now, i figure it's best to change the gaskets when i can move it around easily.
Then it's time for a new head gasket. Once that's in, the air intake, carb etc will be reassembled. This includes a rough adjustment of the valve play (valve play has to be adjusted with the engine running and being on working temperature, so a rough estimate has to be used to get it running after assembly). Somewhere around here the flywheel will go back on as well. Have not yet decided if i'll do that before or after i'll do the head gasket. Most likely before so i can use it to turn the crank.
Moving on to the distributor, which will get a new breaker contact, finger and cap. Easy-peasy.
Now, with all timing-related stuff done the timing case cover goes back on, with it my new v-belt pulley.
As a final step, the starter motor, alternator and engine mounts go back onto the engine.
Afterwards, off to the workshop it goes. As the steering column got in the way of the oil filter when taking out the engine, i'll remove the old oil filter before putting the engine in, then put the new one on afterwards. Connect exhaust, electric and fuel lines, turn the key and drive off into the sunset (or, more realistically, to the local classic car specialist for a fine tune).
EDIT: Green parts are done.