Dennis, Twisted & Efi,
That's where I am going tomorrow, I will inspect the timing chain and cam gear. I pulled the pushrods and checked for "true" by rolling them on a mirrow. Replaced and set the valves (hyd-lifters). Restarted and it idles and runs fine except for the noise. Efi, I even pulled one wire at a time from the distributor and no luck using that trick. Even pulled the belt just to make sure it was not the water pump, alternator or harmonic balance wheel...alls fine. I hope to have the front of the motor off sometime tomorrow. Thanks for the ideas...keep em coming if anyone has other ideas.