Well, sorry I have been MIA for a few days, but I decided to take a break of a couple days from working on the Jeep. I did some additional testing and found that it could really only be the spring, or the lifter... I tested the spring pressure the old school way, i got up in the engin bay and pushed down as hard as I could and the intake valve spring just barely compressed, and the same exact thing happened on the exhaust spring. I know that is a terrible test, but I was looking for big differences which clearly were not present. With that being said, it certainly had enough spring strength to where it should run decent enough so I am leaning more toward the lifter being an issue.
Since the rocker arm seems to be sticking the valve open, I would have to assume that the lifter is stuck open. I am not an expert, but to me it makes sense. If the lifter was collapsed, I would be more of an issue of the exhaust valve not opening enough and maybe backfiring through the intake?
Either way... it doesn't matter. I decided to tighten all of the rockers to the spec torque and put the valve cover back on. I basically figured that the next step is going to be removing the head so that I can replace the lifters and while I was at it, i was going to order a re manufactured head to throw in there just because, why not... I am already in there.
After putting the valve cover back on... I knew that I lost probably a good quart of oil, onto the engine block and the cement under the truck (that was fun to clean up), so I needed to add a quart. I figured... hell... i think it is time to try the Mystery Motor Oil here becuase if it is a stuck lifter, or an intermittently stuck lifter, maybe this stuff will sit in there and break up whatever is causing the sticking. I drove the sputtering jeep up to the AutoZone, everytime i hit a stop sign or light, the car was shaking due to the miss... I grabbed a quart of MMO and threw it in.
I then started it up and decided I wanted to circulate the MMO and get the engine nice and hot for a while, I drove to a small mountain by my house and drove up and down it for about 40 minutes, making sure my RPMs were getting high enough to make the engine work. I started to feel the engine get full power under acceleration and when I stopped at lights and stop signs, all of a sudden, the misfire was a little bit less frequent, maybe the engine was shaking and making that misfire noise every 5 seconds instead of every 2 seconds... I though, heck, we may be onto something here...
I drove for a while and the engine stayed the same, sputtering every 5 seconds or so, but it was getting late so I went home and parked her. Definitely an improvement, but still misfiring.
Yesterday, I got home from work and it was dark and a bit chilly. It was maybe 55 degrees so basically the engine was as cold as it had been since i got it. The MMO soaked in there all night and I told myself I was going to start this thing up and drive it everyday for a week and I would see if any additional improvement was made.
I started the jeep up and the idle was perfect. Not missing a beat, not even a single misfire or shake, purred like a kitten... I thought to myself not to get excited, because it was probably due to the cold start and wanted to let it warm up to operating temperature to see if it would develop a slight misfire like always. 15 minutes later she is up to temp and still not a single misfire. I revved it up and still no misfire. Now i was a bit excited... so I jumped in the jeep and took her for a good 15 minute spin, pushing the engine, getting the RPMs up from time to time and still... no misfire. Idle is right around 850RPM and ZERO shake at idle. No pause before revving, no misfire, just 100% perfect. I simply could not believe it!
Needless to say, I have been hurt before

so I am not getting my hopes up completely yet... but it has NEVER run so good, even for a span of 10 seconds before. Yesterday it ran absolutely perfect for 40 minutes or so.
I do think i may need to adjust the Transmission side of the TPS as it does seem to shift a bit early... the Power Trans light isn't working so maybe a fuse needs to be replaced there too. I want to change the oil next week after letting this MMO run in there for another hundred miles or so and then put in fresh oil with another quart of MMO for another couple hundred miles and reassess. I need to double check all fluids and go through the engine bay to ensure everything is zipped up tight.
I will keep you all posted on this! If anyone has any questions at all about my process or what i had done to get this thing to where it is now, let me know. Fingers crossed, I am hoping I get home tonight, start it up and get the same results!
Once again, thank you all! And thank you Cruiser54 for the work you put into helping others with your RENIX maintenance steps, I will use those for years to come.