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Is there still a flap in the exhaust manifold? It almost sounds like it is rattling around. That or the rotor is clipping something in the distributor cab (but not quite the right sound for that).
I started it and held the flapper in multiple different positions but that didn't change or stop the sound. I pulled the distributor cap off and didn't see any scoring inside from the rotor hitting anything. I agree sounds more like metal rattling
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This does not sound like a noise internal to the engine. I agree with the idea to check for a rattling manifold heat control valve or something else attached to the engine. I'd even spray plain water over the belts to see if the noise changes or goes away—some kinds of belt noise clear up at higher RPMs (which means, by the same token, they can appear only at low RPMs). Your rocker arms appear dry at their tips, which should not be the case; you should have a dribble of oil out the hole at the tip of each one.
I sprayed the belt with water and no change in engine noise. Even took the belt off for a quick run and it still made the noise. Motor mounts are tight, wasn't my catch can, coil, or metal fuel filter hitting anything. Exhaust valve wasn't flapping, held my brake line that wasn't rattling, fuel pump isn't loose, oil pump isn't loose, distributor isn't loose, air cleaner is tight. Can't think of what else to check. I can definitely hear the sound the loudest when over top of the valves of cylinder 1.
As for the oil are you referring to the hole in the end near the valve spring? I definitely have oil coming out the center hole in the split of the rocker flowing to the pushrods and a small dribble coming out of the hole at the valve spring end of the rocker. I just fired it back up and checked.