Thanks for the tips,
I picked up a couple products to help remove some of the sludge but don’t want to use them just yet. So far it sounds like a potential problem with one of the forward valves. I ran the car just long enough to turn it around in the driveway and the valve noise was to painful to hear. Idle was very rough as well.
Took the front valve cover off, nothing was really noticeable, perhaps a little light scuffing almost on one of the lobes. Basic compression check indicated that one of the front cylinders had a difference of about 30 psi compared to the others. It does seem to be in the same area as the loud valve, also is the same cylinder that had the scuffing on the exhaust lobes.
I'm going to do a leak down test on it tonight and see if its the piston rings or the valves on that cylinder. Then I'll know if I should be ordering my engine rebuild kit..
Jake