Timming belt may be an issue if it has slipped a tooth and not been corrected, the valves may be staying open to long, causing the compression of the engine to snap them shut, creating the ticking sound!
But this also can be said for valves at are not seating correctly either due to carbon build up or wear, the issue I had with mine was the intake valves were not seating correctly, and when the engine compressed the valves would close fully creating a 'tick'!
But a gummed up hydralic lash adjuster can also produce the same effect, is there any type of quality additive you can obtain down there, I know GM does a great upper head lube, I just can't remember the name? The additve is the cheap route worth trying first, $5 to $10 a bottle compared to $1500 for ripping the head apart!
