hahahaha Oh man there are as many ways to do the wheel bearings as thier are members on this forum.
I do similar to Rockranger, after doing them every 6 months or so for years you get to the point where you can set the pre-load on the bearings by hand. For those guys who run big tires we tend to tighten them up a bit more then the book calls for.
But if you are running stockish sized tires then you should set the pre-load on your front wheel bearings by the book.
I do mine like this:
Tighten inner spindle nut to 30 ft lbs, SPIN the rotor, both directions, a few times.
Back inner spindle nut off about 1/5 of a turn, lightly spin the rotor.
Tighten the inner spindle nut to "snug" hahahahaha not sure what the torque rating for snug is, but I would guess somewhere around 15-20 ft lbs.
SPIN the rotor some more.
install the lock ring washer, if the PIN does not LINE up, TIGHTEN to get it to the next hole. Then install the lock washer and outer spindle nut. Like RockRanger I jamb this sucker down as much as my 18" Snap on 1/2" driver will let me, which is pretty damn tight. being careful not to spin the inner and lock ring washer, you can actually cause the lock ring washer to "jump track" on the spindle and ***** up your threads = no beuno.
If you plan to do simple maintenece like this on your truck the Haynes or Chiltons manula or CD is a VERY wise investment.