I have come to the conclusion that the knock must be the crank and that my entire diagnosis has been wrong.
I replaced the suspect lifter with one that would fully pressurise when out of the engine and de-pressurised it before it was fitted.
Still knocks and I am now quite fed up.
When I bought the car the oil level was low on the stick but just showing at the bottom of the two marks.
As I planned an oil change and didn't have the correct oil and as the oil light went out instantly I wasn't too concerned.
I ordered the Exol oil and had the filters delivered.
This took 3 days.
I drove the car to work and back during this time - 30 miles a day but not aggressively and the oil light always went out straight away.
It was whilst I was travelling to work on Saturday morning to do the oil/filter change that the b*gger started knocking.
There was still oil showing on the stick when I arraived at our unit - and this is the reason I didn't think it could be bottom end.
I visited my local Honda Dealer yesterday and spoke with the Workshop Manager.
It is not unheard of for the CTDI to run a big end even when the oil pressure warning light is NOT illuminated and it seems that the engine does use oil.
I believe later models have low oil warning level switches.
I guess there are two possible reasons for the oil pressure light going out early.
The first is that the oil pressure switch is just too low and the second is that the pump runs very tight clearances and will develop pressure even on a small quantity of oil.
I think that the marking on the stick is also dodgy.
I have suggested to Honda Technical that an AUDIBLE low oil level warning system is unacceptable and that they really need to review their strategy in this arra.
If the oil warning light had come on or if there hadn't been oil above the minimum on the stick I could understand.
Time to break the Accord and try to recover some money.