I have the same tractor, and noticed a 'knocking' or 'banging' noise, only at certain RPMs at about 500 hrs. It sounded almost like a hammer on metal. The tractor ran great though. Did some looking, and finally found the culprit. The heavy metal guard over the exhaust manifold had cracked at the front of the engine, where it bends at a 90 degree angle. At certain RPMs it goes into resonance and slaps against itself,and/or the manifold itself. One of these days I'll likely have it welded, but for now I just ignore it, and if it gets annoying, I change the engine speed!
This picture will show what I'm talking about.