Well guys, I think we are approaching the end of the story, at least of the 1st "season".
With the help of a second truck, she finally start.
They connected in parallel the batteries of the other truck, rev the engine and cranck.
With the extra power, the starter did spin very strong and she starts, coughing, sputtering, in a HUGE black cloud of smoke and particles (intake was pulled out).
We kept her running for a while, shut down and cranck. She restarted.
She is now running, starting almost fine, but boy, she is clattering as hell.
I did perform IP timing. Did several times, going from -.05 to -1.88 TDCO, no change, and it's obvious there's a lack of power.
It seems that with the IP completely set to passenger side (maximum retard) the engine smoothen, idles quiet and get awaken
Following DP advice (from other place), I did recommend the guys to pull ther front of engine and check the cranckshaft pulley key, to verify it hasn't sheared.
The guys agree this could be the reason of the hard start issue, but prefered to start with parallel batteries before.
So, they finally succeed in starting her, but I still believe there's a problem remaining.
If it was mine, I would have checked this cranckshaft key....