Hi that's looks like a really nice project. I'm always very envious of the 240 D24 as we didn't get them here in the UK.
My advice would be get your hands on either a hard copy (personal preference) or a digital copy of the volvo green book for you car. It has all the procedures and torque settings for almost every task on the engine and even just reading it can be very useful. It also has a list of the special tools required for some of the more important jobs such as the pump and timing belt replacements.
Another great resource that I find often compliments the green book procedures is Longbow Media on YouTube he has a good few videos based on your car so you may find them useful.
With these engines if you have a willingness to learn the results of DIY maintenance can be very rewarding. Keep the updates coming and good luck with the project.
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