Hi all,
My 1991 318i convertible's lifters are getting noisy.  It's got about 235,000 miles, the engine runs smoothly, STILL doesn't burn oil, has good compressions....otherwise still a pretty nice engine.  I've had the car about 12 years and the lifters have always been noisy at start-up.  They would tap for a few seconds and then quiet down.  Over the last couple of years the tapping has gotten longer and longer now taking up to 4 or 5 minutes to pump up.  Despite my wife encouraging me to replace the engine I still feel that it has some life left and I could probably get another 50,000 miles out of her (which at 3500 miles per year would be another 14 years....well into my retirement) if I just fix the lifters.
What's your opinion?
If doing the lifters, what other parts should I replace while I'm in there?  ....such as timing chain and tensioner?
What special tools should I be looking for?
Thanks for your replies!