[Too Many Projects]

You have every right to be frustrated and angry over this. You were looking for a car you could drive and remember your Grandfather in. Instead you got an all too common issue with a bad cam.

What part of Michigan are you in ?? If on the mainland, there are MANY people who would probably be willing to come help you remove the engine, pull the pan and bearing caps to see what it really needs. If you can get by with just replacing the bearings/oil pump and the cam and lifters, it would be a lower cost to do than plan a full rebuild. If I recall, wasn't this a fresh build ?

You don't have to do this alone. Having experienced help will take a big load off your chest and they can help you make informed decisions as to a new cam whatever parts it needs. Then you can take the time you need to pull them all together and have them help reassemble and break it in. I don't mean to be rude to Rally, but I would never take his advise on how to go about that. I'm happy for him that it works, but it doesn't seem to be the normal for the rest of us.