UPDATE: The rear cam bearing was indeed off, what the builder did was aligned 2 of the holes right but forgot about the 3rd one. I had to pound it in the my homemade cam bearing tool I made, then I hooked a piece of mechanics wire through one of the small holes to keep it from dropping into the engine, pulled it back with a radiator tool then bent the bearing with a big screwdriver and out it came. Marked all the holes in the block for putting in the new one, just waiting on parts. Going to be cold this week to work on this but knowing that oil will be flowing will make my son happy.
Thanks for all the ideas guys you all were a great help on this matter, I will post some pics as the 409 gets put in the car.