valvetrain clicking noise
I didn't see anything about the retainers and locks did you use them over and what about the valve seal if any of those have fitment issues it could cause a clicking noise.
I've seen this before so I thought I would mention it.
Any bent valves in the heads or when you clean the pistons look for any indentations/marks on the piston tops. A Bent valve can "click" the piston but a valve THAT bad would be easy to spot.
Gonna agree with most of the guys posting, cam isnt a tooth off, sounds like a valvetrain issue. Sounds like your on the right track and hopefully it is just a minor adjustment on the preload.
Lastly, if your worried about dirty/rusty water passages an old school trick is to steal your wife's panty hose and put it in the upper radiator hose as a filter. Double it up so it doesn't tear apart inside, dont need alot just use enough to act as a filter/screen. Run the motor to operating temp then let cool down and remove the panty hose, you would not believe how much metal you will catch on some motors.



