Hi Husky
There's a number of good threads here and associated docs for setting can timing
I just did my cam timing last fall, with 2 dial indicators and its worth buying some special tools from Porsche: (see the WSM)
The formed wire tools that hold the variocam compressed, and the pin that holds compression on the hydraulic timing belt tensioner are cheap. Also the bent dial indicator extension is cheap. I improvised the long strait wire for the indicator on top of piston 1.
The way Porsche sells the cam saddles is an expensive mess though. If you have access to machining tools you can drill slightly larger holes in the saddles that come with the threaded rods, allowing them to fit over the 968 cam saddle thread sleeves which are bigger than those of the 944. That's what I did, and this set of tool pieces was about $200 I think.
Finally, get the adapter flange for pressurizing the variocam (I used my shop air compressor with regulator) the flange is only about $20 from sunset.
Hardest part was pulling together the WSM instuctions along with the posts of others, to understand how to do the procedure. But if I was able to puzzle it out I'm sure you'll do fine.I just had to get in there and set everything up and take it one step at a time essentially following the workshop manual.it eventually made sense :0)
Can't seem to post a pic from my iPhone though, but the WSM pics actually do show what you need to do.
--Michael