Well, I wish I had but, I did not run the tractor before pulling it apart mainly because it was a mess. I did check compression though, it was lower than I would have liked... 75-80pounds. So I can't say if it is a new noise or not. I can say that when it was running and under light use about 12 years ago by my grandpa, he probably wouldn't have noticed the noise. I was 13 years old at the time and didn't care about tractors. Ha.
UPDATE: I was able to get out to the shop tonight to check a few things. Upon cold start up (room temp was 35F) the oil pressure guauge was pegged at 50psi !! (SAE 40W oil) at idle or just above idle and it was beautifully quiet. With the enging probably just below running temp, pressure has begun to fall to about 30 psi and still falling. 15 minutes run time and now she's showing south of 20psi just above idle. The engine knock is now noticeable. Bumped it down to idle sending pressure to about 15psi or a little less along with a more pronounced knock. ****.
I am leaning away from a water pump or front pulley as the culprit bacause it does not make the noise when cold and not until oil pressure gets too low.
Soundguy, as you suggested, I did take the plug wire off one cylinder at a time but did not really notice a difference. Still had "The Knock".
That's about all the time I had
Also, when replacing the rod and main bearings, I did check with plastigauge, all had about the same reading and appeared to be just fine. Let me clearify here, I used plastiguage with the old AND new bearings and both had about the same readings.
With what I know, I am
guessing wrist pin bushings, I did not replace. Is there any way to test if they are to blame?
Trying to avoid the inevitable, but I see myself at least dropping the oil pan real soon.
Thoughts? Thanks