OK, so check this out.......
I took my mechanics stethoscope and found the noise to be coming from the drivers side head at about the middle in the valve cover...Took the valve cover off and started the engine. The knock is exactly camshaft speed (verified with a CSI 2130 vibration analyzer

) and seems to be the third lobe/valve back that is making all the racket....
What needs to be done?, I am thinking of simply pulling the front of the engine apart and removing the timing belt then camshaft and take a look see, there is literally no metal in the oil to speak of and it makes 35 pounds of oil pressure at idle (cold).
Does the head need to come off if the problem is in the cam follower? These heads look like they may have recently been rebuilt. The previous owner has very little information about it because she had only owned it for 18 months and spent over $2000 in repairs in the time she owned it and is very non mechanical.

Non of which were cylinder head related.
Ironically, it was leaking oil and it looks like it was the drivers side valve cover.

BTW 1993 Toyota 4 Runner 4X4 with V6 3.0L, auto, air, moonroof, cruise, tilt SR5 package and I picked it up for $1200....

The cheapest 4 cylinder I found was over $3k and it was pretty rough.

Thanks again peeps, your awesome (I don't care what Brad says about you

)...
GT