So unfortunately, it seems like my engine is toast. It was ticking on Thursday a lil bit so I parked it. Friday afternoon after work I tried cranking it and it started fine for 5 seconds then boom, made a crazy noise and shut off

oh well I figured it wasn’t going to last long. Drained the oil and it was glittery. my tune was pretty decent it had about 14 degrees of timing and about lambda .80 at full throttle so I’m sure it wasn’t that.
Anyways, I have a 98 cobra block complete I wanted to rebuild. It’s got the heads and intake but to keep cost down I think I’ll stick with my recently rebuilt and ported PI heads and intake, plus the timing component are brand new so I’d save some money there. I’d love the 4v swap but that’s just extra cheese to spend on it.
I do have a Mach 1 intake in my closet, and the JY has heads for 130 each so I can pick up a set of DC 4v heads! Still really debating it. Knowing me I’m gonna want to port them a bit haha
Anyways, since the cobra has a forged crank I was planning on getting the boss 302 rods (which are about $200 on eBay brand new) and some forged pistons to up the boost safely. I know the hyper’s won’t hang at maybe 15lbs and pump 91?? At this point It also makes sense to add some decent cams in the mix and really bring out the ponies.
So my question is…
1. Does my timing cover need to be swapped over to the 4v??
2. I think I read somewhere that the pivot point of the tensioner bracket where the chains ride in needs to be enlarged to a 8mm bolt since the stock is like 6mm I believe.
Any input is appreciated as always
Primary Timing Chain Pivot Pin sets are available in 8mm or 9mm to fit all 5.4L - 5.8L's, all 99 and up Cobra 4.6L's, all 4.6L 96-98, and 4.6L 93-98 Lincoln
accufabracing.com