Re: Ticking Noise: How to Fix
Other than checking the oil, first thing to do is ascertain if the ticking is present at idle as well as under load. If it's only noticeable under load, then there's a good chance it might be something as simple as timing, which is pretty easy to fix as long as you're careful and make very small adjustments.
If it's the lifters that's making a racket, then your best bet is to wait for someone to give you decent instructions on how to remove and/or replace them - the only way I've done it was by tipping the motor upside down and knocking them through from the top-side of the engine and into the air... kinda hard when the engine's still in the car!
Anyway, my 302 was ticking from the drivers-side cylinder bank only, so I whipped off the rocker cover on that side and had a look - you'll need an 11mm socket for the 8 bolts that hold the cover on. Have a look to make sure that there's oil on them - if not, that might be your problem. Then, have a tug on the rockers. Try to wiggle them from side to side. If they're standard, then they're the boring looking pressed steel ones that aren't "adjustable". The advantage of simple non-adjustable rockers is that if there's any play in any of them you can give them a quick tighten without worrying about the critical nature of lash clearance. This being the case, grab your torque wrench and 13mm (or 1/2") socket and give them all a good tighten to the correct spec. Replace the rocker cover and then run the engine. If the ticking's gone, go and make a cup of tea and congratulate yourself on a job well done.
This may not work for your engine, and it might contribute to its early death... I have no evidence for or against that, but it worked for me and my engine's nice and quiet now. If it explodes tomorrow, I'll be sure to post back here and let you know. :)