So what is the torque of the stud into the block using your hex key?
Good question. There's no recommendation from ARP about this, from what I know. I just used the hex key and screwed the studs in without any wrench until they touch the bottom and with an addition of about 25 degree.
You can't really go deep on it because the stud will touch the bottom and you'll damage it. When you tighten the nut, it'll pull the stud straight against the threads and the entire unit will compress the block and head together. The nut will also turn the stud further if the stud isn't tightened enough.
when I install my shorter stud for the intake cam gear area and place the head on, the stud does not protrude thru the head. Wrong size stud or am I doing something wrong?
You're not wrong. ARP is wrong. ARP supplies that stud much shorter than the other studs. However, if you use other stud, it'll be too long for that hole and it'll touch the intake cam. That hole is about 1/2" shorter than the rest. Don't trust my memory. Measure it against the stock bolt.
You may chop off other stud and make it fit in there, without protruding too much. In my case, I used the stock bolt for that.
I gather I am supposed to postiona nd torque all studs, place head + gasket on, then torque done the nuts?
Correct me if I am wrong!
It seems you haven't done this before, so a repair manual is necessary.
Put the studs in, head gaskets on, then the heads on. Then tightened the nuts in the correct sequence from center out.