I have a 686st .. 1986...E237. It's not the original engine..I bought it as is...I had a ticking noise that would come and go..Thought it was a lifter.
Turned out to be a bad head gasket...the ticking sound was coming from where the head meets the block in one spot. Once I figured it out, you could actually see it leak and tick.
Easy fix..new head gasket..all good for a year now..maybe this will help..