Did some investigating and found that the exhaust manifold was loose. Runs a bit better, but still assuming the noise is the timing chain. Hey phat, I may be PMing you for some parts soon.
Thx.
I'm taking a look after xmas. Got a quote to rebuild at a local shop, 1750. Assuming the head isn't warped. I think this will be the avenue I take. Less hassle. NOW i can buy the 38 carb!