hey trackitman,
sounds like you have it pretty well checked out there,i think if a lifter was collaped,you would be down on power.you are probably right,its rockers,or push rods.funny,last night at the track,my buddy was shifting from 3rd to 4th but found second instead,rearend skidded,hit rev-limiter hard,after he got home he called me,he said theres a loud clicking noise.if you stand a couple feet away with hood shut,you can tell its not the injectors.its pretty loud clacking.(its an LS1)so took off the valve covers,4 intake side push-rods visably bent,will change them all on monday,lucky it wasnt more serious.anyway good luck,Todd.