Its not a very simple job Evac. While it looks like it could be, it isn't because two of the bolts that hold the timing cover on are bolted from the inside. This means removal of the oil pan to get to them. Nevermind that it is not the timing cover you are after, its the mounting plate. This means removing the Cam, which means pulling the lifters, rods, rocker assembly, etc, etc.
So you really have a choice of going to all of that trouble, or raising the engine and drilling the two holes. Since you are drilling round holes, consider bolting the front mounts from underneath, then you do not have to remove the aforementioned timing cover to get the bolts through the holes.
I do not know if the 216 timing cover/mounting plate is exactly the same as the newer 235 plate in every way.