In my experience (not with Omegas, by the way, but with very similar lifters) You can't reliably see what's going one once the engine is stripped. Some lifters will end up under compression holding a valve open when the engine stops and this will force some oil out of them, meaning more clearance if the engine is turned to take them out of compression.
If two lifters of a pair of valves on the same side of a single cylinder are compressed differently this might be a clue as to their condition, but no more than a clue, I'd say.
If the lifter has had an extended battering you may notice some extra wear on the surface but they are very hard in any case so this is unlikely to be reliable.
Again, in my experience, if you push the piston of a used lifter in the oil will squirt out and it will stay depressed. I have bought new lifters before and they were supplied with the pistons fully "in".
I don't think you're missing anything. These work by filling with oil until the slack is taken up and, once full and when the escape route for the oil is blocked, they are, for all intents and purposes, solid unless they are not oil tight.
Kevin