Well, it's my turn to ask for suggestions..

krazykuda said

Pull the valve cover off and crank the engine over, watch to make sure all of the rocker arms/valves look like they are opening all the way...

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^^This is my next move.^^ I've never lost a lobe before. If that is the case, I suppose the shavings have destroyed the bearings and cylinder walls?????????????? As for the fuel pump, it is new (mechanical) and the one that ran the 318 great.