With serious valve to piston contact the crank could have easily been tweaked. Since the oil pump drive gear is driven by the pinion shaft, this would explain the oil pump failure and lockup.
That would make sense since the piston is connected to the crank. Would I have to buy a new flywheel? How do I know the flywheel is out of balance? The reason I ask is because I can't see any noticeable rotation in the pinion shaft when it turns. By my naked eye it appears to be spinning in the way it should.