All right so it is back together and it sounds absolutely no different :( . My buddy came over today and we pulled the valve cover then ran it and it is clear it is the same valve/lifter making noise. My buddy had a good thought. What does a broken valve spring sound like? The noise is not really like a "ticking sound" as I would expect with a lifter, it is much deeper more like a mini rod knock (and no there is nothing making noise in the lower end) it is clear the noise is coming from the #7 intake valve train. Also you can NOT change the sound of the noise by pressing down of the rocker arm with a screwdriver or tool with it idling which does not any sense to me if it was the lifter (which is a brand new one that does not have the free play from bleed back like the old one did after shutting it off).
Jim