I am rather new to these forums. I just bought a '79 last week and it's been running great until this morning. I was going fast up a steep hill (which i've been doing regularly - it's fun) and there was this clicky-clacky sound which i've heard before (mostly under load) and always thought was the valves (maybe needing a little adjustment) - then the noise got a bit louder and i started losing power dramatically.
I slowed down and put in the clutch and the engine immediately died. I was at the crest of the hill, so i could coast back down the other side. I coasted for a minute or so, then let the clutch back out and the engine runs again, except it has no power and a pretty loud knocking sound under any kind of load. It idles fine, but obviously something is very wrong. It sounds to me like just one cylinder is having the problem: maybe a busted valve?
I never saw any smoke, and i checked the oil and it doesn't look low or burnt. I pulled it into the nearest shop, and It is sitting there for now; and they're going to run a compression test on it tomorrow (or today if i'm lucky and they can get around to it).
Any thoughts? I'm hoping someone knows exactly what it is from the description, and that the solution is going to something affordable

Thanks,
.jt