Checking Timing?

Depending on how high the engine mechanically over reved, the worst that could happen is smacking some valves to the pistons. Less severe damage can be bent pushrods or even nothing at all.
If the motor is noticeably down on power or making any noises, pull the valve covers and pull all your pushrods. If none of the pushrods are bent, your motor should be fine.
Did you pull the plugs?
Best way to check for bent valves (aside from yanking heads) is do a leak down check. If you've got more than 20% leak down on any given cylinder, more than likely you've bent the valves. A lot of times you can actually hear the air blowing past the valve if it's bent bad enough.
So if I pull the heads and it turns out I bent a few valves do you all think I would be ok to just get new heads (241's) and say problem solved or is there anything else I should check before putting it back together and starting it up? One of my friends who will be helping me work on the car thinks I should drop the oil pan to see if there is any damage to the bottom end and to check the oil for metal flakes. I would like to avoid doing this since it looks like it would be a huge PITA.
the valves will "float" and not seat untill the lifters settle down
i would at least run a comp test, in the event their is a valve problem, it might help identify the bad valve
i have found top dead center, mark it on the balancer, fab a pointer, and ck timing-i did this on a carb LS motor, wanted to know that the timing i was seeing was really correct-just hook up a timing light to #1, view it on the balancer(i used a dial back to ck total advance)
good luck with it









