This is all a wild ass guess but. .
is the noise right when the piston is at TDC and closest to the valve??. . Back off the adjustment for the rocker you are listening to which will decrease the piston to valve timing. . . .if the noise goes away, you probably have piston valve interference.. Might want to recheck the cam timing. . with 1-4 at TDC are you sure the notch was at the 3 o'clock position? {Can also be on the 9 o'clock position with #4 at TDC}
Other thing to try, Can you feel the valve pop up when you here the click, or do you just hear the noise?
If it pops up the valve shaft is binding for some reason in the guide. . If you hear it and just feel a slight 'bump' I'd guess the valve is hitting the pistons. Still the same avenue to investigate, pull the cam cover and check cam timing
Just a guess but, what could be happening is the piston comes up, touches the valve that is still open because of incorrect timing and binds the valve stem sideways in the guide. . then as you continue to turn the crank and the piston starts to travel downward, it releases the binding and the valve pops up the rest of the way. . if this is the case, you'll want to check that the valves didn't bend. .