There may even be a possibility of some one installing a solid cam with a set of hydraulic lifters it wouldn't be the first time.It wouldn't even be a problem unless they adjusted the valves like it was a hydraulic cam,if that were the case it would explain a lot of what your seeing.If you get a dial indicator do some checks at the top of the pushrod with the rocker removed,this will give you lobe lift not valve lift but you will be able to see any lash removal ramps indicating a solid lifter cam.Yeah, I'm confused by the "springy" lifters too. I have never seen anything like it. It was only on 3 or 4 of them. Last night when I did the settings they were not springy. Maybe the rods were bent a little and pushing against the slots in the heads and not centering in the rocker?? I did notice a couple are tweaked and I will be replacing them.
The carb and all the casting numbers I've checked match the 340HP, so I don't understand why I would have solid lifters. Not really knowing the history on this motor, anything is possible. If I somehow had a set of 16 bad hydraulic lifters, would they be expected to function exactly like solids? It seems like a stretch to me.
The lifters click away as regular as a clock now, they aren't even trying to take up the slack.
I did try 12 on the intake and that dropped my compression down to 145 so I went for 18. I didn't mess around with the exhaust, it might not hurt to drop it down a little. Since I have to replace my valve cover gaskets, I think I will get my hands on a dial indicator and see what the lift is. That would at least tell me if the cam is a stock lift or not.
I do intend to go ahead with a rebuild on the other block I have this winter. I'm going to keep my eyes out for a set of the 11:1 heads. Anyone know of any for sale?
Thanks again for all your help...