Proper method for determining bearing clearances?

I'm going to start assy on my 5.9 magnum this weekend. I have my bearings from Hughes, prepped block and polished crank.

I am aware of plastigauge, but don't have any. What I do have is a full set of inside and outside micrometers, snap gauges, gauge blocks, dial bore gauge, etc (I am a machinist, just not automotive)

I am guessing that I put my bearings in place, torque to spec, take several readings around the circumference, then measure the rod/main journal and do the math.

Is that about right?

Thanks for any pointers.

CE