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is it possible somewhere along the line your intake system is clogged and starving for air? because you got correct fuel pressure on the first crank, and i take your spark plugs and wires work if you pull the plugs and put them back in and it will fire.
does it sputter to a stop and bog or just instantly quit as if the ignition was shut off? maybe the clutch sensor there is alos this thing under the dash my dad played with one time and it made it run again. it could be the ignition box module
He got the cam and lifters from the cam company. Used the original push-rods. Should have gotten the push-rods from the cam supplier too. I think the lifters are pumping up and the compression goes away. If there is some incompatability there, then it could also account for the 80-90 psi compression readings cold.
It's been hectic down here since the hurricanes Gustov and Ike. I also had knee surgery in March of last year and just about getting over that. Now my shoulder appears to be going out. It sucks getting old. LOL. But to answer all your questions, the truck is still in the same condition, PARKED. I haven't had time or the physical energy to work on it. If I do, the engine will be pulled and gone through again.