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The tools in the red box are for camshaft timing. I'm sure you know what the dial indicator and micrometer are for, but here's what the other items are. The "Z" blocks hold the dial indicator over cylinders #1 & #4 intake spring to measure valve lift/cam timing. The 46mm crowfoot is for the camshaft nut and the slotted socket counter holds the cam (upto '80? I think the cam nut switched to a bolt in '81)
The long allen/hex socket is most likely for the cylinder head nuts (10mm) otherwise for the heater boxes if it 8mm.
The tool in the lower centre is a valve spring compressor to be used in car or without the heads removed. You need to pressurise the cylinders with compressed air to do so.
Not sure what the other 2 items are. I think the top centre item is a flywheel lock.
I don't think the blue bix is for a specific task, just an assortment of holding devices for a dial indicator.
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