Are you 100%..... 10,000% sure the lifters are hydraulic. This exact same thing happend to me when my friend & I got done with my 355 for my Cutlass.
I had ordered a Herbert cam & hydraulic lifter set. Never even gave the lifters a second look. Set them to zero lash + 1/2 turn, got everything else ready to go, cranked & cranked on the mother fuc*er & NOTHING!!
We checked & tripple checked everything, compression tested it, & 0 CR on all cylinders. WTF!?!?! So, at 2 A.M. we're both tired as Hell but not gonna give up at this point. Finally we suspected solid lifters, so we loosened up all of them, set them to .015 just to get it close & viola!!, had 170 PSI cranking CR & the engine fired right up.
Here, the Doug Herbert Co. had F'd-up & set me solid lifters & not hydraulic. I called 1st thing the next day & explained the situation & they admited the mess-up & gave me a free set of hydraulics.
Of course the rockers are gonna move & everthing will look cosher, but if they are solid lifters, the valve will be hanging open.
Sorry for being long winded, but loosen just one cylinders rockers to give it some lash & then check that cylinder for compression. Mistakes are made & my guess/opinion is that whoever you got the cam & lifters from goofed & sent you solids.