Dear wazz;
I've had quite a few rigs with the Toy 22 series engine and I have never suffered a catastrophic failure from one (yet). I flog my junk mercilessly and they seem to hold up amazingly well. One of the major problems that they have is when they do blow a head gasket, the head/block warps practically immediately, so people square the heads and deck the block to get everything to mate up properly again. The problem arises in that after this has been accomplished, the cylinder pressure has increased slightly, and upon fuel/air detontation, this slight increase REALLY rises, to the point of allowing too much of the burning gases to blowby the piston rings and into the crankcase. After just a short while, this increased pressure tends to wear lower end parts at an appalling rate of speed, hence the very low top end oil pressure at idle after the engine has been running for a while and the engine is at operating temp. The knocking at cold startup can also be attributed to increased bottom end wear too from the increased cylinder pressures.
The solution is to use a thicker head gasket after the head has been squared. This will lower the cylinder pressure to a point where the oiling system does not become overwhelmed and the engine will continue to function normally.
Of all the Toyota engines, I like the F series the best, followed by the 22 series.
Your friend;
LAMAR