First thing might be to have a good look at the oil in strong sunlight.
Yep, the rockers are adjustable for those models AFAIK. Run the motor up to temp if possible and pop the valve cover. The adjustment is to spin the pushrod between your thumb and finger while tightening the nut. As soon as you feel the slightest drag, add one full turn. That's it.
Factory procedure has the #1 at TDC compression for the first adjustment: 1I, 1E, 2I, 3E, 4I, 5E. Now rotate 360° for #6 TDC compression: 2E, 3I, 4E, 5I, 6I, 6E. You're done.
Was it blowing any smoke? What about the possibility of exhaust leaks adding to the sound?
There's also the issue of timing chain wear to consider. Set the balancer to TDC by only turning clockwise. Pop the distributor cap and turn the balancer in the opposite direction until you see the rotor move. Note how many degrees of movement are now shown on the timing scale. Halve that for your timing chain slop.
Cheers, Adam.