Imma guess a broken cam.. Lock at the cam sprocket, when hes turning it over.. Pull the VC off, bet you'll find your damage.
Question is, why did it break? Often seen that happen with loss of oil pressure. Journals get hot, seize up, and crank keeps spinning the cam sprocket.
You may get away with a new/used head, but id also drop the sump, and go over your oil pump/BS assembly.
If your paying for labor, a rebuild will be pricey! Be better if ya can find a used engine, but ya still gotta go over all the common failure points before dropping at in. Either way, its gonna cost.
Im doing a basic refresh on mine soon. Forged rods, rings, bearings, lifters/rockers, etc. Prob only about $1k in parts, but font be paying for labor.
So ya should dig a little deeper, and then ya can decide what ya wanna do.
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