The 850's engine is a DOHC however the lifters are hydraulic and there have been many posts here about lifter noise.
First thing is to determine that it is lifter noise or just the injectors ticking. Right now my engine is running so quietly that with the hood up all you can hear are the injectors and the alternator (uh oh).
Anyway, when I bought my car a few months ago, I changed from the mystery oil to Mobil 1 10W30 and had some intermittent problems with an exhaust lifter making noise. I then used an oil / engine flush product and switched to Mobil 1 5W30 as the ambient temperatures fell within the range dictated by Volvo for that weight and the lifter noise stopped immediately. In 1500 miles since that oil change it's only come back once and for only a few minutes.
As the weather warms I'll have to go back to 10W30 and I'll see then if the noise returns.
If it does, the next step, as suggested by the gurus at Volvospeed, is to replace the O-rings in the oil pan that seal the oil pickup tube and oil filter galleries. They apparantly deteriorate and allow a little air to be drawn up with the oil. Not enought to affect bearing lubrication but enough to prevent the lifters from pumping up properly. The last step would be replacing lifters and they're not cheap at about $45 each I've heard.
About autocrossing with clacking lifters, I'll just pass on what the owner's manual says about driving while lifters aren't pumped up. "Do not rev beyond 3,000rpm." Gonna run some slow times at the event.
I'd recommend going to an autoparts store and buying a quart of engine flush and following the directions. Then fill up with the appropriate weight sythetic.
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Happy Motoring, Erwin in Memphis, '95855t
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