With solid lifters you set a "cold" engine valve clearance with feeler gauges. With hydraulic it is zero valve lash with the addition of the preload, which is what presses down on the lifter plunger slightly, allowing the hydraulic lifter to function. That's the additional half turn you mention.
Here is the procedure for adjusting the valves with the engine turned off:
With number 1 cylinder at top dead center and timing mark lined up, (check distributor rotor or watch valve motion to be sure it is #1 at TDC) adjust the valves on the following cylinders:
Exhaust: 1,3,4,8
Intake: 1,2,5,7
Back out adjusting nut until lash is felt at the push rod, then turn adjusting nut until all lash is removed. This can be determined by checking push rod side play while turning the adjusting nut. When play has been removed, turn adjusting nut in 1/2 to 3/4 an additional turn.
Crank the engine one full revolution until the timing mark lines up again. This will be the #6 cylinder firing position. Now adjust the following valves:
Exhaust: 2,5,6,7
Intake: 3,4,6,8
-Mark-