I would add or clarify a few items:
1) The recoil lug in a bedded Anschutz is optional
2) Use a paste wax under a film release agent as a backup
3) I bed in three steps to simplify alignment and to minimize the mess
4) I use masking tape to clamp the action in the stock. Be careful how much pressure the clamped action exerts down on the barrel where the tape contacts the forearm or your barrel could end up low in the channel.
5) I use masking tape on the barrel to center it in the channel and tape on the tang to adjust the height of the receiver.
I spend most of the time making sure the wood stock is prepared and the pillar alignment is perfect. The actual glassing is fast. The total for the entire process is under 6-8 hours broken into sessions:
1) Drill and relieve the holes for the pillars - this is where the alignment is critical
2) Open up stock (long sockets make great sanding blocks)
3) Cut the pillars to length
4) Prep the action
5) Glue in pillars with the action aligned
6) Bed the action
7) Bed the trigger guard
Mark