Hi there, ive experienced a similar problem with my MK2 1800 8v with regards to the "tapping".
Like yourself, i suspected the tappets and replaced them all, which did "tone" them down a bit but came nowhere close to eliminating the noise.
However, i had the unfortunate luck to have a failed oil pump, which cost me a crank job as well, the car left the workshop silent as brand new.
On querying with the mechanic chappie i was told that an "old" oilpump somehow becomes less effective with age and "starves" the upper end of the motor which creates the tapping noise because the tappets run dry. Hope it works for you and it aint too much tom as well, an oil pump here in S. Africa costs us about 10pounds.....
Good Luck Bud................