To all, thank you for the responses and apologies for the lack of follow-up.
So, what happened was this. After fighting with trying to figure out what happened, I dropped the oil pan and found metal shavings. My jaw hit the ground. I then pulled the crank and rod caps off - everything was scored. The crank had been resurfaced and rods were all reconditioned before putting this back together, so it wasn't fun to see the scoring. I tore the rest of the engine down but didn't see much of anything to suggest where the metal shavings came from until I started cleaning the oil pickup. The pickup was supposed to be NOS from DeBella Jeep Parts (the unit was in an original box). However, as I started cleaning it, I saw particles from under the screen. I took the screen off and it was loaded with sandblast material. So much for NOS!
It was obvious this wasn't a NOS part, but rather a part that someone, at some point, had simply sandblasted and stuck in a box. When I contacted Pete, his response was "well sometimes that happens, and we have no way of knowing". The crank needed to be resurfaced and new rod and crank bearings were installed (and, yes, Pete charged for the replacements!).
Since then, the Jeep (49 CJ3A) has been on the road and runs like a top. I couldn't be happier with the eventual outcome.