OK... let me clarify my last post a bit.
Yes the firing order has to be correct. The plug wires do have to go around the A-series distributor cap 1-3-4-2 counterclockwise with plug wire #1 being the cylinder closest to the water pump. When the distributor drive gear is in the block correctly per the factory position, this will have the rotor in the dizzy pointing to about 1:00 to 2:00 o'clock when cylinder #1 is at/near TDC on its firing stroke.
However, during an engine rebuild it is not uncommon to insert the dizzy drive gear in the block in the "wrong" position. That means that when you put the dizzy in and bring #1 piston to TDC on its firing stroke the rotor is NOT going to point at the 1:00 to 2:00 o'clock position. That is not the end of the world. You can either use a long bolt to pull, rotate, and re-position the distributor drive gear OR you can re-locate the plug wires around the cap. Moving the drive gear leaves everything "stock" and will prevent future confusion. It is preferred. However, if you are in a hurry or don't want to be bothered, you CAN reposition the plug wires around the dizzy cap. To do this, you install and static time the distributor as you normally would. That requires you have the engine sitting at your desired timing mark with #1 cylinder at the beginning of its firing stroke. After setting the static timing, look at where the rotor is pointing. Place the dizzy cap on the distributor and note which cap terminal the rotor is pointing at. The plug wire for cylinder #1 goes there. The others follow in the order 1-3-4-2 counterclockwise around the cap.
Placing the wires like this maintains the firing order. However, the wires are repositioned (not in the factory locations) to compensate for the dizzy drive gear being in the wrong orientation. In essence you have rotated the plug wire positions to compensate for the drive gear position. I'm sorry that I didn't make that more clear in my previous post.