Join Date: Feb 2005
Location: Smithfield, VA
Bronco Info: 91 302/E4OD/3.55, F-150 cab
Every bolt (in general, not just in this case) should be assembled with oil, anti-sieze, threadlocker, or sealant. Most internal engine bolts prefer oil (main and rod studs/bolts). In the case of the rocker bolts, I'd be more likely to use anti-sieze or a low-strength threadlocker (depends on the type of valvetrain you use, and whether or not it can be adjusted at the rocker bolt).
I believe the information you have on the sealant and coolant passages is correct, but couldn't verify for certain until I check my roommate's bare 351W at home. Since that's a nice, pretty 351W you're building, I assume that you're mostly concerned with the 351W bolts, and the 302 information is just for reference/comparison?