First, run it for 1/2 hour, shut it down, drain the oil, re torque the head, and set the valve lash.
If you don't re torque the head first, you may blow the gasket out on the dyno.
I would then go to the dyno, and bring a drain pail and more oil and do a second oil change after 1-2 hrs of dyno time.
A slot screwdriver for carb adjustments, and a 1/2 inch wrench for distributor adjustments.
You can work it hard, but don't lug a new motor. Keep the rpm's up when your on the dyno. This keeps good oil flow, good oil splash, and good coolant flow.