I agree, but my guess is that the mechanic didn't want to say that because even though the collapsed lifters are common it's not the only thing that can cause the ticking. He probably didn't want to commit to saying what it was because it is still possible the noise is caused by something else.
your problem is you need new lifters i know this for a fact and yes your mechanic is on drugs any motor can be fixed or rebuilt and therefore have no more noise he's probably some #### driving fool that really has know knowledge on older fords...call him and tell him he is a dumbass and his mechanic permits should be revoked courtesy of explorerforum.com
how do i know this you ask? because you have the OHV like me and mine has the tick and i have had it diagnosed and it is lifters>>really common problem on the OHV v6...it's tick prone syndrome...
It COULD be a weak/collapsed lifter yes, a common issue on an older pushrod 4.0
It COULD be carbon buildup
It COULD be an oil pressure issue
It COULD be a worn pushrod/rocker
James909 is correct it is not the only thing that can cause the ticking = win win
Kyle0614 is not, it can be other things rather then a collapsed lifter, TRUST ME
You can spend good $$$$ on the OHV, take the heads off, replace all of the lifters and pushrods with melling brand parts (or NOS) lifters are $$$$$$, gaskets, labor, etc and STILL have the tick
It could be a crank bearing causing a loss of oil pressure, it could be carbon deposits not allowing the crankcase oil to drain back quickly enough, it can be carbon blocking oil flow to lifter galley, it can be a worn pushrod, it CAN be many things.
Most people just live with it because the engine is running good.
To fight carbon on your next oil change add 1 quart of diesel oil and run it for 3-5000 miles, let it clean out some crap. You can also use ATF or Marvel mystery oil or just run Mobil one synthetic, all of these fluids will attack and break up carbon deposits.
Mechanical oil pressure gauge is a good idea to get an idea of what is going on in there....