Well how is the oil pressure? The noise from the motor could be, not saying it is but sounds like it is a spun bearing.
My black supra I bought with low oil pressure at idle and a bottom end noise. Well pulled the motor apart, wasn't a pretty sight, spun #3 rod bearing, destroyed both cams the head and the turbo.
Hopefully that's not whats going on but it's something you might need to check. I'd check the camshaft journals for any scaring or bearing material.
The Coolant blowing out more then likely the head gasket is bad.
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1987 Supra Turbo Targa Blue 5spd 175K, 3" Exhaust from Turbo back, Lowered 1.5", 89 Steering Wheel and Climate Control, JDM Power Folding Mirrors, HKS Fan Controller, Greddy Turbo Timer, HKS EVCIII Boost Controller, Boost Gauge, Deleted Boost Gauge in Cluster for Volt, MKIV Non-Turbo wheels
1987 Supra N/A Coupe Blue Auto - Parts Car
1987 Supra Turbo Coupe Black 5spd - Bought with a spun bearing - RIP
1987 VW Jetta GTI Auto 89k
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