My hydraulic lifters are not holding pressure. Hence, only the mechanical part of the lifter is lifting the valve. When trying to tighten the rockers for the little bit of pressure (no tap 1/2 turn tighter), there isn't any as these lifters are now solid lifters. So when I go 1/2 turn tighter, the valve stays open.
I have been told this is a "lazy lifter". Basically, I got the lifters "new in the box". Of course the lifters and box had been sitting for couple of years.
So I need to replace the lifters. Then I will get into all the ... while I'm in there... replace the cam, replace the lifter rods.. etc etc.
Good luck.
Do you know specifically which lifters are having the problems? Can you see the valve opening when rotating the engine?
After adjusting, check cylinder pressure (this was my problem too tight a valve and I got no cylinder pressure). I back the valve off, and I get cylinder pressure with a valve tap.