Top end, once lubed up, looks in good order.
Oil wasn't getting lifted to the top because the bottom of the sump had been dished in and blocked it off.
The old lump does look like she was badly treated in her early days, before being rescued by OOF.
It was not rescued by OOF!
The lump you removed has cams and lifters in it that were rusted! (it must have been exposed to the elements for bloody ages!)
I seem to recall donating a load of known good lifters but, that only works if the lifters are getting oil (they wern't!)
On the pistons, if you ever look at one closely when removed they are actually smaller at the crown than the skirt. The reason is that the temperature is hottest at the top and coolest at the skirt (oil cooled) so they expand differing amounts and hence the shape they are mad to.
The noise was definately top end!