The installation process for the E36 and E46 is identical. The only difference is the E36 control arm bushing mount area is round and the E46 has a hexagonal cross section. If you used the BMW recommended lube, the "drying" is to all intents done about 30 minutes after you've applied it. I suspect the bushings will find their correct location with a bit of driving regardless and the lube is more needed to get them positioned so you can bolt them to the car frame.