Update!
Well... do have back up vehicle now.
Did some extensive listening to the tick and cannot easily pinpoint it. My best guess is it is coming from the #5 exhaust valve. Before I start pulling it apart called my original tuner to have a look. JJ with Woodbine Motorsports! Figure he has much more experience trouble shooting issues such as this.
On my drive up I realized it only does it while the engine is under zero load. Sounded fine driving there till I would stop at a light then you could hear it slightly. In neutral it gets worse. Now confident it is not in the bottom end. Rods, bearings, wrist pin, etc.... should be ok.
I get there and he listens for a few minutes from different angles and reving it up. His first impression is bad valve guide...
![Frown :( :(](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
He said he can't rule out rocker or possibly lash adjuster but does not believe they are responsible. His impression is the valve is floating around with no load but as soon as load is introduced it helps line it up.
It all makes sense to me because on cold start there is no noise and the noise does not appear until she is warmed up. Typically lash adjusters or lifters make noise upon cold start as they bleed down when they sit. And I would expect a rocker to get worse with load...
Have to pull valve cover just to be certain but if rocker and lash adjuster look fine I will pulling the motor and have the heads freshened up and possibly larger exhaust valves installed. Maybe some mild porting but the tfs heads ports are pretty good from the factory.