Regarding the cam/lifter/rocker/timing chaing/oil pump question:
Honestly, it depends upon how long you plan to keep the truck. Sorry to say, but a 2002 with 200k+ miles is not the most desirable Discovery out there. I don't think you can plan to get much money back on that investment if you're going to sell it in a year.
However, if you really like the truck and you're in for the long haul, it's probably wise to refresh your tired engine while it's already apart.
In all likelihood, your cam is worn, your timing chain is sloppy as hell, and your valvetrain is worn and noisy. If it was mine, I'd be pulling and evaluating these parts before replacing as necessary. But that's because I only keep vehicles for 1-2 years, so longevity is not a significant concern. I'd probably let the cam condition dictate additional work on the valvetrain. Measure the lobes through the valley while the intake is out, no need to remove unless it's worn. "While you're in there" work is a good thing to think about, but you should consider the return on your investment as well, since this side-work can triple your costs, or worse.