That sounds like a bad lifter to me.
Change the oil. Put in a good multi-grade synthetic. My go-to oil is Mobil-1 synthetic.
Fwiw, my Quad 4 engines always had load lifter sounds. Iirc, they are both near/past 200K miles.
A bad, fast leak down, lifter isn't the end of the world. That noise is the valve *slamming* against the valve seat. Depending on the length of time, and the miles, you'll put on the car, you "could" ignore the bad lifter.
If you have experience working on cars/engines, _in general_, replacing lifters isn't "horrible". I do not know the specifics of that engine, nor the common "PITA" things that can break/be-a-pain when replacing the lifters.
Imho, don't replace the lifters yourself, if you need the car "right away". You may have to order gaskets, sensors, etc.
Fwiw, on my '77 Olds 350, I put in a "3/4ths" race cam (hey, that's what it was called). I was young and foolish. It was WAY too much cam for the engine. I put on Rhoads lifters to "tame" the cam enough to get "okay" vacuum and performance with city driving (that I did ~95% with that car).
Rhoads lifters are "fast leak down" lifters (like a bad lifter :)). However, the purpose is to lessen the valve lift and duration at low rpms (like idle). But, at higher rpms, the lifter doesn't have a chance to leak down, do the full effect of the cam is used.
It's a mechanical way of having variable lift and variable duration for the cam.
I had stainless steel valve, and custom valve spring forces(higher) for the cam. I ran Rhoads lifters for well over a dozen years in my Olds 350. I put well over 100K miles on the engine with those lifters. The heads and valves were fine.
But, again, mine were not stock valves or valve seats. However, most people back then used the stock heads. For a head/valves in good shape, imho, lasting 50K+ miles, using Rhoads lifters, wasn't even a concern.
The video below gives a good idea of what Rhoads lifters sound like.
https://www.youtube.com/watch?v=R0s_nwahCBU
1970 El Camino 383 Stroker with Rhodes lifters
Dick Fitzwell
Good Luck!