I don't think it's a lifter 
Is most likely an exhaust leak (after further troubleshooting of my own) which will make a ticking sound.
Is it heard mainly when driving (engine load) or just sitting their idling?
If when you take off you start hearing the tick, it's exhaust leak due to enough exhaust volume to make the noise.
The banks turbo system on your engine uses a crossover pipe that is secured in two ways.
On the passenger's side it is secured with machine threaded studs into the manifold below the turbo with nuts and lockwashers holding the triangle flange to the manifold separated with the Banks gasket (not a donut).
On the Drivers side (problem area) the pipe is flared out just like any other exhaust pipe for a donut seal. But, the factory long studs and springs and locking nuts are re-used. With a pressurized system, there isn't enough torque on the flange to properly seal in my opinion. I'd suggest fixing this one of two ways..
Remove the studs from the manifold and use replacement bolts of the appropriate length to firmly hold the pipe via the flange to the manifold.
Keep the studs, but remove the springs and replace with (many washers) or a piece of 3/8" pipe cut in 1" sections to slide over the studs and followed by the nuts.
Should apply enough pressure on the donut to make a better more positive seal that's not going to flex and move (as previously allowed).
I haven't done this modification myself, but am planning on it, time permitting...
There is the spill.
J
1982 C10 SCSWB 6.5TD, mods too extensive to list. (13.69 1/4 mile @94.6 MPH) RACE TRUCK
1982 C10 SCSWB 6.2NA, 2.73 700
1986 C10 SCLWB 6.2TD 3.73 700
1989 V20 SUB 6.2NA, 3.73 400
1994 G20 VAN 6.5NA, 3.42 60E
1994 K20LD ECSWB 6.5TD, 3.42 80E
1995 K20 SUB 6.5TD, Wrecked, ran into by stupid teen.
1995 C3500HD DRW 6.5TD, 12' Flatbed 5.13 80E
1995 C3500HD DRW 6.5TD, 18' Rollback Wrecker 4.63 80E
1994 C20HD ECLWB 6.5TD 3.73 80E Wifes Truck.
1995 C20LD ECSWB 6.5TD 3.73 80E
1995 K20LD SCLWB 6.5TD 3.73 80E
1996 K30 DRW 6.5TD 4.10 80E
1997 C10 Tahoe 2Door 2WD 5.7L to 6.5 Conversion Underway