If im finding a rock in the oil pan the engine is coming apart.
So "who" had it open before you had it? I'd be on the phone. see weather they rebuilt at or a shop for sure.
Put a torch to it to see if it burns. If it’s flexible, it’s probably not metal. Could be etc or gasket material of some sort
OK, that would work...
don't "inhale" blah blah blah. Personally I don't remember a non ferrous, non metallic metal (hit it with grinder and see what color sparks it throws) that moves at room temp, but does not melt at crank case type heat-a liquid bath of what, 240 deg - and if you run over that, steady, your oil breaks down fast, viscosity. Thats just me and my rememberig ain't so good sometimes
So thats what I'm going with. If it is the cam, and it can run on a flat cam, sounds like a RV cam. And babbitt can do that except it's not flexible. The cam being flat or installed wrong would cause it to not really pump fuel to the carb-had that happen.
Find a close up of a new one, it will have that ridge around it. Stock, aftermarket all the same, as far as for what they do, how good they do it is what your paying for.
I'd go ahead and spread it out over bench and go back together with aftermarket. High end ones should have a color in them.
Did you throw away the oil filter yet??? Might have collected some "evidence" of lower quality, improperly installed, or just have never been replaced at all-and it's a truck, not a lot of truck owners go through the process of doing a rebuild-complete-to haul toys.
Wish I could try a reassembly of those pieces and check against pics
Good luck!!!