What I found when I tore it apart...
Yep, the engine sounds like a sewing machine and I want that sweet sound back.
This car's mileage dropped off some time ago. I've been working on it. (25% reduction in mileage.) The noise I heard in the valve train could have radiated and it was very likely it was valves several degrees off. (It's amazing... even in cruddy condition, these engines still run.)
If you are familiar with these cam idler bearings, there's a little metal bracket (with a spring) that sets the preload on the timing belt. There's a small metal tab that fits into the center of this bearing. That finger had broken off, so the bearing was free to back off.
The noise I was hearing in the cover was the timing belt "eating" the cover, as it flopped loose back and forth. The noise I heard elsewhere was likely the valve train jerking itself around. (And yet, the car still had lots of power.)
The bolt holding the bearing down was only finger tight. (It was tightened down well when I put it together last time... so either condition could have caused the other.)
The idler bearing isn't noisy and it's nearly as tight as the $50 replacement unit. It's still going to be replaced. (BTW, if ya'll replace these units, you might check with NAPA. They have Gates belts, which are superior IMHO to the Mexican made ones, and you can buy a kit of bearing/belt for less money than you can buy the seperately from anyone else. Unfortunately, I didn't get the kit because I thought I'd have it back together today.)
I assume these adjusters are going to be dealer only, with their several day wait. If anyone knows a good source for one, please let me know.
Oh, and following advice here, the waterpump has been replaced. The original wasn't in bad shape (slight rust on the impeller) but it's not worth taking everything apart again to save $30. It probably had another 40K miles in it, but *all* this stuff is mounted on that unit. (A bad design, IMHO. They could have made it 2 aluminum parts and saved owners bucks. Oh well, a $400 dealer bill once every 100K miles isn't too bad a deal, eh?)