Same settings as for a 261 - Of course, you've drilled the head to match the coolant holes in the block (I seem to recall an older post where you said you had done so) - just checking.

Tim
1954Advance-Design.com
1954 3106 Carryall Suburban
1954 3104 5-window pickup w/Hydra-Matic
The 216 and early 235 engines are not "splash oilers" -- this is a splash oiler.