Having just caught up with this thread, Brendan's reminded me of something that happened on mine.
The engine had not long been back together, and had done around 250 miles. For the first time I gave it some beans (demo'ing it to little brother

), when the revs came back down, it was ticking. Sod it, I thought, must be a tappet. crept it home, let it cool overnight.
Checked tappets. Still the same, checked tham again: still the same.
In the end I got right under the car and put my hand up around the head/exchanger joint, and sure enough one joint was leaking. As it happened it was my error as the exhaust hadn't seated.
Point was that it sounded so mechanical that I was considering having to drop the engine. Symptoms (as I remember): what sounded like one really bad tappet that was noticable at idle, worse upto mid-revs, then tailing off at higher revs.
Worth trying the car up on a ramp perhaps?
Like I say, I'd forgotton all about this until Brendan's reminder

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