I agree with Randy, if compression is good leave the heads alone.
If you want to start out cheap just replace the lifters and see what happens. But... if it's the cam you'll have to purchase all new lifters again. Spending $$ twice ain't fun.
A stock cam/lifter kit can be purchased for $150-$200. Throw in a decent set of push rods, just to be safe $80. Putting your kid in something mechanically reliable for under $300.
my $.02
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1972 GMC 4x4 Suburban F&R A/C
1978 Pontiac Trans Am 400(Z) all stock
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