the bullet (hydraulic lifter/lash adjuster) can be service if it not wear (makan/haus), usually the noise is result from dirty engine oil that stuck in the tiny oil passage in it. just take out all the lifter, press slowly using vice to let all the dirty oil out.ya i noe is da bullet sound, tappet lor.. not repair, think of overhaul it lor.. but tappet coz alot rite?? do u noe how much it cost for 1 biji?? is bullet valve fittedable:hmmmm:
To take out the lifter is not necessary to take out the cam (some mechanic doesn't know this)
For the engine oil, try Magnatec, this oil I find very friendly to the lifter
As for carb, I would like to suggest Weber DGAV series, as it is progressive carb, give you power as well not 'makan' you on fuel. If it tune nicely will more economical than injection, provided you not floor you pedal hehehehe
For the overhaul you can get around 1K, changing valve seal, pistong ring, head gasket set.
While you were there, add litle bit more to rebore and plonk in high comp piston
hope this will help and happy modding