Video..weird 302 engine oiling issue

Here is a video of what I have going on.   
Backstory on engine, Maybe 90k clean original quiet 1969 302 engine, pulled out, re-ringed, new rods and mains on stock crank, new aluminum heads, new HV oil pump , timing chain, hyd cam and lifters. Now very little oil makes it to top end of engine, and it has valve train noise. Lifter adjusted properly, geometry is fine. Oil pressure gauge says 70 psi. Oil galley plugs were not touched during engine assy.
Other wise engine runs great. Ideas?
http://vid300.photobucket.com/albums/nn27/ramair351/Mobile%20Uploads/2014-12/28DCC172-BDDD-4ACA-BE05-83BCCDA8337C.mp4

Pushrods new and clear. Lifter bores in spec, it has 70lbs of oil pressure.   I might need to pull the front cover off next and look at those galley plugs

Any way you could have pulled a galley plug on that front side under the timing cover and not re-installed it. That would have pressure just dumping oil out.

no dist needed in place for this engine to properly prime it. I'd pull the fuel pump and see if you can inspect the timing chain area for a galley plug left out. No bogging of the drill would indicate a large leak. any restriction in the system would bogg the drill.

Pete, both banks or just one bank with little oil? I'm betting on galley plug out. I believe they're freeze plug style plugs not screw in plugs.

You won't be able to see anything from the dist  hole.

an internal leak (galley plug?) or an obstruction (crap in a galley ?)

here is a thread on one of the Mustang sites...

GranMan I will try and take the fuel pump off and look, before I pull front cover, Regul8r thanks for the tips. I don't get the oil pressure either, you get the same reading while the car is running too, and I have tried a different gauge.   I think the pressure is a big clue.   If a galley plug was missing I should have nearly no pressure. If a galley was plugged I might get a reading like this....   

505 error on edit again

I found a picture of the oil passages... the oil comes off the pump through the filter then splits to feed the crank and the cam/lifters. So only thing crank issues would give is more pressure if there was a blockage or less if the bearings were too loose. Doubtful as you had the engine running, that would have been noisy from immediate start up. Cam bearings might cause an issue but again the oil doesn't run through the bearings out to the lifters so more than likely not. Just seems there is an issue in the lifter oil feed galley.
Pull the timing cover and inspect everything as you dig. I would be inclined to start pulling the galley plugs(if they are there) and start inspecting real close. Power the pump with the drill and start looking from the very begining of the where the galley starts. Pulling the first lifter in line and looking for oil there with the pump turning is a good place to start.

Edited by Regul8r - 30-December-2014 at 11:58PM

another however small is that the valley should be flooded with oil, the towel looks dry 

I think I may have found the problem,   Just a teaser, I gotta check my theory, stay tuned!   *HINT.   I have not taken anything more apart.

think i found the upper end oiling issue, and possible the noise issue. the guide plates are not deep enough for cam travel, they are some adjustable setup the PO installed.  i was watching the sweep of the roller rocker tip over the tip of the valve, but i didnt check what the other end of the pushrod was doing. you can see the pushrod pop right out of the lifter cup, therefore not letting oil up to the top of the rockers and leaking out into the valley.   i took a lifter out and ran the drill and oil was gushing out the lifter galley as it should.