Hi,
I would agree that a ratchet socket wrench on the crank bolt is normally the way I'd do it as well, but access is much harder than the same engine in for example the Elan. If you have a lift, garage pit or it's already on axle stands with good access from underneath then yep, that's simple & reliable.
What I do to set the flywheel for static timing is to jack up the back end, put it in gear and rotate a wheel. Apart from the extra time to set it all up, actually rotating the engine accurately is quite easy with that method.
Brian