RacerX, this is how these valve lash adjustment threads always end up. The guys that have done many and have practiced (that's the real key to speed - practice), and have calloused burnt finger tips, say it's easy and everyone should do them hot. "It's easy, don't be a weeny!". They have forgotten that their first time probably took a couple of hours.
Logically, setting cold and checking hot has no flaws, except time spent. In the big scheme of things, for a guy with an engine that's new to him, the time spent looking at the engine parts with no reason to hurry might be more valuable than actually adjusting the lash. Plus, mistakes in lash settings can cost a lot of money. One hanging valve and the head might have to come off.