I came here to say there are three or four things to check:
1. Correctly set, as above make sure that the valves are fully open.
2. There maybe excess wear on the tappets where they come into contact with the valve, this will mean that it will be almost impossible to set the correct clearance.
3. Have a careful listen, the cam followers may be the problem, when they are badly pitted and/or worn internally they make a very loud noise.
4. Rocker shaft and bushes, if either are worn the correct tappet clearance will be impossible to maintain.
Additionally,
If you have roller rockers installed, remember to check the clearances from the side, and not from the front.
Edited by liirge, 23 February 2015 - 01:52 PM.