Martin,
Yep, I've read the "bringing a dead engine back to life" tech tip more than once! Did not see anything special there about hydraulic lifters, though. I did pre-lube the rockers. Yes, perhaps the reason the engine was out was the p.o. knew about the stuck valve... at any rate, I've already found a local machine shop, recommended by a wise old hand I know here, who quoted me a price of $220 plus parts for the valve job, so I will definitely be getting that done--hopefully I'll be dropping it off today. I will keep yous posted on the progress. Thanks for all the comments!
Tyler