I did use stock 1995 magnum heads from a 5.9l. Being a different design head (the eq's) you still may need to check for pushrod clearance. There is still a nasty angle that the pushrod will be making using those heads on an LA block with the AMC lifters. However, I have never held a set of eq heads, yet I would believe that the manufacturer would have addressed an issue in that area. If I was you I would pull all 16 pushrods out one at a time and look them over real close about half way down for indicators of wear. There may be very little signs if the rods are hardened. You could also look at the tip ends that go into the lifter cup. There could be wear in that area. I however would not rule out these possibilities:
Pushrods are too short due to different head design and or thicker head gasket and or too short of lifter when you went to the AMC lifters, or any combination of this.
An exhaust leak from around any of the primaries or a manifold gasket leak.
A collapsed lifter or a blockage in the lifter oil galley that is stopping oil from pumping up the lifter....do all 16 rockers have oil drizzling out of them?
Too long of pushrods or lifters....interference internally, I would greatly doubt that this is the problem.
Wiped out cam lobe.
Sloppy timing set.
Interference between your rocker arms and the retainers.
Interference between your retainers and the guides or seals???
I hope its just an exhaust leak....