Thanks for the info man. That helps a lot.
I did have the engine open before this happened. I had a blown HG, and did the TB, WP, all that shit. I had the heads cleaned and pressure checked, and they checked out just fine.
At this point I'm leaning toward either a faulty HG, valves, or somethis other with the head.
I really need some money so I can swap in a damn V8........
you probably did the same stupid thing I did when I replaced the cracked head on the 97 3.4 I just got finished working on. I had the intake cam installed 180* compared to the exhaust cam which was installed correctly.
you're actually getting 3x better compression than I was lol. my compression was 20psi @ #5, 30psi @ #3, and 60psi @ #1. oh and to give you an idea. mine did run when setup like crap and would either run like crap or sound completely normal. it would just belch gas smoke and it would rattle like a son of a if you revved. thought I had bent valves too. but I confirmed on the old head that the valves will never contact. It also tossed P0300, P0301, P0303, P0305 codes at me too.
heck, just read through my thread if you dont believe me. I was scratching my head for days thinking it was an ignition problem until I finally did the leak down test, then pulled the valve cover and slapped myself in the head:
http://www.toyota-4runner.org/3rd-gen-t4rs/151575-need-help-weird-engine-issue.html
did you put the bolt in the exhaust cam before you pulled it out as well?? if not that'll toss it off a tooth as well. you just toss the exhaust cam in a vice wrapped in a towel and get in it with a small flatblade to move it back into position. I held it together with a pair of vice grips while I put the lock bolt in.
anyway, if you pull the valve cover and rotate the cams, the double dots should line up and then the single dots will obviously line up. anything else and you have them screwed up.
Just lock out the exhaust cam (if possible as you may need to do as I stated above), pull out the exhaust cam, rotate the intake cam so the double dots are pointing at the exhaust cam and then install the exhaust cam with double dots facing the intake cam.
I just snugged it down with the two cam caps surrounding the gear to check the alignment. you will not get full rotation of the cams until you pull the lock bolt out. and yes, the intake pulley will be pointing 180* when you install it all due to toyota for some ungodly reason putting the lock bolt hole on the side of the exhaust cam they did.
I re-aligned everything correctly, set the timing back up, and did a compression test before putting the engine back together and got 175+psi on all cylinders.
cliffs: pull valve cover and turn engine over until double dots on the backsides of both cams line up. if they dont, you have an issue. if they do, see if you can get the lockout bolt in the exhaust cam gear. If you cant, then it is still not setup properly.
I still have the old head sitting on my garage floor setup and I can take a pic of how it should look if you need it.