Started my 340, IT KNOCKS! fresh rebuild HELP!!

Sorry to hear that. Take a screwdriver or stethoscope and put it to the oil pan, valve covers, etc. to isolate the noise. Also put a timing light on it to isolate top end or bottom end noise. what is the oil pressure at? Did you prime the engine before firing it up? Lots of assembly lube?

Yes plenty of lube when assembling it... No I didn't prime it... I just hated to run it hearing that.... But i'll go listen.