So, the story is I had a collapsed lifter as I suspected and also a
broken intake valve spring that I didn't know about.
I also want to address the issue of adjusting valves. It was said here
that "turn until it stops tapping + 1/4 turn" was an old rule for
solid lifters. It was pointed out to me that with solid lifters, if
you go the extra 1/4 turn you are bound to bend a rod, because it has
nowhere to go. Makes sense. So, the old 1/4 turn rule seems to be for
hydraulic lifters only.
Thanks,
John Nasta