I suspect the jackshaft chain slipped a sprocket or two, causing the timing to be off.
Looking at the jackshaft chain, all of the "slack" was bunched up on one side of the chain, and that "slack" would work it's way around to the other side as I turned the crank.
I'll try to find a machine shop to take a look at the heads.
Any suggestions on cleaning out the crankcase? I pulled both oil pans, tons of plastic shrapnel in there. Can I rinse it out with water?
Also if you have suggestions on what else should be replaced while the engine is apart (aside from the obvious broken chain, guides, tensioners, etc.), I'd appreciate the guidance. I'm building a spreadsheet of parts and tools needed for the repair - I may give it a shot if it will cost much less than a V8 donor truck.