it's late I feel like typing
the oil pressure by itself can't open the valves. it's the camshaft pushing a cavity of oil inside the lifter that opens the valve.
remember, oil doesn't compress so once it's inside the lifter it becomes a "solid" sort of.
rounding things off a bit:
the oil is maybe at 100 psi entering the lifter, the area of the cavity inside the lifter can only be about a third of an inch at best.
so there is only 30-40 pounds of actual pressure pushing up on the pushrod.
up at the spring, seat pressure is maybe 80 pounds. because the rocker has a 1 : 1.5 ratio (rounding things off) there is 120 pounds pushing down on the pushrod.
well, it's not really pushing down, rather it's waiting to resist with that much force.
good thing the cavity of oil doesn't compress because the measly 30-40 pounds of oil pressure is not going to open the valve.
the lifter has to
slowly bleed down in order to reach a point of equilibrium, that point is where preload is.
it appears that the lifter is filling while on the base of the cam, and the bleed down is unable to match what the spring pressure is trying to squish out.
that's pushing the lifter past the preload point, holding the valve open.
either that or the damn lifter has no oil in it and the valves aren't opening much at all.
it's 1:23 am, hope this makes some sense.