Pretty certain you have bent valves too.

When you get the chain in, watch the valves to see if they all come back up all the way, and CAREFULLY rotate engine by hand first. If it binds, you've probably got stuck valves hitting the pistons and you will need to replace them.

Peter

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1972 220D ?? miles
1988 300E 200,012
1987 300D Turbo killed 9/25/07, 275,000 miles
1985 Volvo 740 GLE Turobodiesel 218,000
1972 280 SE 4.5 165, 000 - It runs!