Update:
No issues to report. No oil leaks either (yay).
That bucket of bolts noise at start is no longer a thing.
Trouble free trip over Easter up to Whitfield/King Valley (with family and camper trailer loaded) with some ~120K of 4x4 around the top of Cobbler/Staircase etc.
Other observations - during and since:
Non-stock oil filter is stone cold empty at start up. This would explain the tensioner taking a while to kick in.
When I change out the current genuine filter, I will cut it up to see what it's got inside.
I have set a mental schedule to pop the top timing cover off this time next year to see how it's going in there.
The oil inlet into the tensions is a very small hole - I would estimate less than 1mm - and I suspect very easily blocked if the vehicle is not maintained.
More generally...
It's probably no surprise to anyone here - but the venerable D40 is VERY common. I walk along a busy (3 lanes either way) main road in Melbourne's east 5 days a week (7AM) to get to work - about a 600 meter stretch. It's not uncommon for me to count 6+ D40s passing. I know that not all of them will be YD25 powered but I think that is safe to assume that the vast majority of them are. That's also not including D22s - nor R51s, nor the new shape D23s. There is always going to be something to be said about fact that the more there is of something, the more of them there is to stuff up - for any number or reasons. Now I know that based on that extrapolation you should see at least 20 GM/Buick 3.8L V6 powered Commodores on the side of the road daily - maybe it's not that many - but that engine has evolved over the last 55+ years, versus less than 20 for the YD25/22 - and I don't believe that all applications of this engine are considered to be weak in this regard. But in this day and age is that an excuse or justification? No.
Am I saying they get a bad wrap? Maybe. There is no question that it does happen and some people have been frikkin unlucky - case in point is Czechmate with popped chain at a young 70,000K - all the while doing the right thing.
There is no doubt a stigma is firmly attached to these vehicles/engines at least some of which (perhaps controversially) is a result of what I think is a self-perpetuating snowball of FUD (Fear Uncertainty Doubt). It tends to collect in places like this. Has there been any solid analysis (or estimation even) done of the number of failures per 1000 vehicles? No (nor is it likely). Would that data show anything of significance? Maybe. At what point would it be significant? 5? 10? 50? Do people who have had it happen to them gravitate to forums like this? Absolutely (lookup confirmation bias). Do D40 owners who run a trouble free D40 come to these places? Maybe, but nowhere near as likely - and probably for different reasons but end up getting caught up in it. Do some people (none of us here clearly) simply not look after their vehicles at all or as they are supposed to - and then wonder why? Yes - categorically. Are there lemon engines and unlucky people? Yes. See above.
Based on the condition of the old timing chain/guides I pulled out of my engine, they simply did not need to be replaced. Did the oil filter have something to do with the racket at start? I am 99.8779% sure it did. Could a tensioner have been a bit tired and not kept tension up well enough without that quick oil pressure? Likely. Am I just lucky? Maybe - but again, the FUD would more or less stipulate that I should have found a whole lot of nasty in there and it should not have been a surprise to do so. And I think this is an important point to highlight.
Is the level of FUD justified? All evidence, really, is anecdotal. Am I a victim of that FUD anyway? Yes - as I suspect a lot of others who have been down this same road might be as well. But, as I am now and others before me and others to follow will attest to - having done it gives one a sense of relief. No need to worry about it - which is just fine...
Anyway, take this as you will - constructively. I'm not out to get up anyone's nose. I'm just being pragmatic. From someone who bought one. And spent a weekend up to his elbows in crappy black oil and gunk from one....