Welcome to the site Chris.
I'm happy to hear about the Morel lifters. They have a really good reputation for accurate fit and quality. I notice that they are the top choice for a lot of race engine builders.
I really like the method you use in the video for finding the center of the valve travel.
One problem I've noticed on the 409 heads is that the valve and rocker stud aren't parallel. They tip in toward each other at the top which seems to cause a problem if you use valves that are longer than stock length. It seems like you have to compromise the geometry in order to get the tip of the rocker to stay near the center of the valve.
If I remember right, I had to run a shorter pushrod and my rocker wasn't at 90 degrees to the valve until I was well past mid lift.
Anyway, I do know that your system should result in the best geometry and should give the exact valve action that the cam maker designed into the cam, so I'm sure going to give it a try.