Ok, cool. There's definitely something wrong then, because with just 30" tires at near sea level you should have no trouble maintaining freeway speeds.
So there's a lot of things mentioned up thread that you can check or ask your mechanic to look at. You can
make sure your timing is set correctly, -5btdc with the test port jumped. You can
run a compression test on each cylinder to make sure the rings and valves and such are doing their jobs. When you run the test, have a
good hard look at each spark plug - for that matter, make sure you have NGK or Denso plain copper plugs, these motors don't like fancy plugs and they don't like domestic or German stuff (that goes for sensors like the O2 and components like the distributor cap as well, stay with OEM parts). You can
test and calibrate your TPS, and I think that site has a procedure for checking your AFM too.
The ticking is probably just your valve lash, these motors are notorious for having hard to adjust valves. If you're concerned about it,
the actual process is fairly straightforward, although you may need to do it over several times before you get the hang of it. If your valve clearances are way out of spec, that could contribute to your lack of power for sure. Your mechanic may be hearing that ticking and thinking it's timing chain trouble and that's possible, these motors are also known for wearing through the timing chain guides. When you (or he) takes the valve cover off to set the valve lash you can look down the front of the motor inside the timing chain cover and see if your chain guides are intact - if they aren't, you'll want to pull the cover and service the timing chain, but even if they are broken that's probably not contributing to your lack of power.
Run through all those tests and you
should find your problem. It should be bad compression, bad timing, or an air-fuel mixup, and those tests should tell you which, although more specific tests might be necessary to narrow it down once you've identified it and at some point you may need to start throwing parts at it. But not yet. If all else fails, a muffler shop can test your cat and muffler for flow and tell you if either needs replacing. If it's none of the above and you still have no power, I'm afraid you're going to have to swap in a V8. I recommend a 2UZ.