Well <multiple expletives deleted> its DEAD. That annoying "tick" sound was not just the lifters not being fully "prepped". Upon the expert advice of my mechanic (mentor) neighbor (he advises and doesn't charge me if he doesn't have to do "all" of the work but will help out as needed) I pulled the valve covers off and we first thought we had a damaged roller "follower" (never heard a rocker arm called it before..learn something new every day) and a couple of the lobes of cam were looking sketchy...he suggested replacing the cams and followers...ok decided to go for it...found a decent priced set on ebay and began to tear the engine back down to replace the cams. We had though to just replace the cams and followers (and the lash adjusters too as they came with the cams)but something nagged at the back of my mind...I decided to pull the timing cover off...and this is what I found:

Failed Right Tensioner

Fully retracted

Good Left Tensioner
This means that I have some metal teeth floating around in the oil pan...hopefully when I drain the oil they will flow out...I will use the my bore scope and magnet to check the oil pan for them...
So now I wait for parts....raised holy hell with the company i purchased the timing set from...they are sending a complete kit only cost reduced shipping charges....hopefully Red will be back together by the weekend...

 

Well, bad and good.... Glad the company stood behind their product, not happy you have to do that job again......