Big Cam Problem, need experts here
If a lobe has grinded down (flat tappet hydraulic cam correct?) then yes it is trash. Not only is the cam trash though, all that metal that used to be on the cam is floating through the oil passages, and the block needs to come out and be cleaned.
When you get it redone, make sure the engine is at 2000 rpm+ for 20-30 minutes flicking the throttle up to 3000 now and again (with good oil pressure of course). You also can't break a hydralic flat tappet in reliably on a strong spring pressure, so make sure your springs aren't too stiff. While the block is out for machinging and cleaning, have your machinist check and make sure the lifter bores are true as well.
edit: you can have the block machined to accept roller lifters too, and go with roller cam and never worry about this again.
when you take the rocker off, just pull the pushrod out and roll it on a flat surface. that will tell you if it tweaked when the rocker broke.
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if a pushrod is tweaked, yes, replace 1 single pushrod (like 6 bucks). if none are redily available, and the tweak is very minor, put it back in and drive normal until a new one shows up.
I guess I'm not the bearer of REALLY bad news
well, a pushrod is easy to check, just take the rocker off and pull it out.
the cam lifts the lifter, the lifter pumps up and lifts the pushrod, the pushrod pushes the rocker, the rocker presses down on the spring and opens the valve.
if the rocker is ok, and the spring is ok, and you find the pushrod to be ok, then your next stop is the lifter. with no metal in the oil, this is likely as far as you'll have to go, but you'll need to take the intake off. did you soak the lifters in oil for ~2 days before you installed them? one could have collapsed.
and there is not much left to rule out. you have the pushrod, the lifter, and the lobe left.
if it's the lobe itself.. then yeah man.. bad news, see my first post. I can't recommend not doing it the right way to clean the engine, though some will put a new cam and lifters in, then change the oil after the break-in and look for shavings.
if you want, you can always cut the oil filter in half and check for shavings there.



