Shit is the correct word!
There are centre dots on the sprockets which you align, 6 Oclock for the cam and 12 Oclock for the crank, the better crank sprockets have multiple keyways which give some adjustment (you can select the keyway slot to give optimum timing) but the biggest issue is the poor quality chains, you may well find that even a new one is slack still!
As for cams, you have to be a bit careful as many require the valve guides machining down a bit to accommodate the extra lift but, the likes of a Hurricane are a good compromise (the 3.9 injection cam always gave a really nice cheap upgrade on the a 3.5). A good and simple performance booster is to machine down the inlet valve guides in the port a bit (don't bother with the exhaust as the gains are minimal and it affects valve heat transfer) then match the ports to the inlet manifold gasket.
As for the followers, any wear at all no matter how small means they are goosed as the hardening is very thin, check also the cam lobes as they are raised slightly at one edge of the peak which is supposed to rotate the follower, wear here very quickly accelerates.
Done forget you will need to set the follower preload on rebuild with shims under the rocker shaft mounts.