Hi Steve,
The noise may be as a result of your lifters, If they are anti pump up lifters they will tick, this is not a problem. These are so you can rev the engine without floating the valves , but if you determine that there is to much clearance I think Ford racing has the bolt on adjustable's, part number M-6564-C351.
http://www.latemodelrestoratio...ckers-And-Components
Once you have the engine broke in and the first oil change I like to use Marvel Mystery oil, If anything is sticking "ie lifters" this will usually cure it while also polishing your wear area's- great stuff,
Looks like your having Fun,
Looks great! Mark
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