It is possible, especially with 200,000 on it. Could you record it cranking and running and upload it for me to hear? I can usually tell if it is a timing issue.
Since it is backfiring, the timing could be an issue, a burnt valve, excessive fuel pressure, and so on. First, take a look through this link that discusses how to fix a backfire:
https://www.2carpros.com/articles/engine-backfires-while-running
Now, since one side of the engine stayed cool and the other got hot, you may be right with the timing. The easiest thing to do at this point is a compression test. If cam timing is off on one side of the engine, it could be causing the symptoms. A compression test will help identify if that is the issue simply because compression will be much lower if the valves are not opening and closing at the correct time.
Here is a link that shows how to test compression. You will need a compression gauge. If you don't have one, most parts stores will lend one to you.
https://www.2carpros.com/articles/how-to-test-engine-compression
Let me know what you find or if you have other questions.
Take care,
Joe
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Saturday, July 10th, 2021 AT 9:10 PM