I'm only supposing, here, but I'm betting that the bushing that let go was a sleeve bushing, or the bearing that the rocker arm pivots on.
It was the rocker arm, connected to the pushrods from the camshaft and valve. ‘Rocks’ up and down?
Like so many things I’ve pronounced but never tried to spell, I should stick with Ockham, Ocham, Offham, whatever, I usually stick too many letters in.
Yeah, it was like a gunshot under the hood.