Pump's not clogged, or you wouldn't be getting any oil flow. So don't bother dropping the pan. A question-What are you using as a pre-lube tool? I only use an old distributor with the gear ground off, as part of the lifter oil galley is open to the distributor housing passage. A screwdriver or a rod will not allow seal this passage and oil pressure to the lifters will suffer. Maybe that's your problem. I believe the distributor seals the oil passage for the right hand galley-that makes sense.
the only other thiong I can think of is a galley plug behind the timing cover my have popped out, but that's highly unlikely.
Let us know...
(Edit) Ok, I re-read your first post-looks like you'r using a distributor shaft after all. Is the sealing surface directly above where the gear was in good shape? Was it nicked or grooved when the gear was ground off? This has to be smooth and a snug fit in the block for the right hand lifter bank to pressurize. Was just checking my "Chevy Power" manual, p90-it concurs with this....