Shoeless, I did it ,so it's a no brainer, no surprises at all. Just place the 261 headgasket on the head as a template , mark and center punch the holes. Then drill them out with a hand held drill.An unmilled 235 848 head will raise the compression to about an actual 8.5 when installed on a 261.For sure use a 261 headgasket, the torque values are the same,but the tightning sequence is slightly different,
Inliners click on tech tips, inline torque values, for the proper sequence.For the record, I torqued mine the same as a 235, it's been fine for 6 years.