The trans, torque converter, flex plate, starter, and bolts were all run without issue on the old 340 that was just pulled. So those parts are all known to be good. I think every video that shows under the car the noise is always louder under the car compared to the top of the car. But the oil pan can act like a drum and amplify a noise coming from inside the engine.
I know all the lifters pump completely up and its not a rocker arm issue so that can be ruled out. I know the retainers don't hit the rockers, the retainers don't bottom out and hit the valve guide, and springs do not coil bind, and the springs are not too stiff for the lifters to deal with. I know the push rods do not hit going through the heads because that was carefully checked and the heads were clearanced during assembly. I also know the lifter link bars had plenty of clearance from the lifter valley and moved very freely.
I know the rods have lots of clearance from the block, the oil pick up is not loose, and rods have lots of clearance from oil pick up tube, all the bearing clearances were checked, I know the piston skirts don't hit the crank throws, I degreed the cam in and checked piston to valve clearance etc. Oil pressure is still very strong, no blue out of the pipes, idles well, it doesn't run hot, revs nice and strong and fast, sounds consistent when listened to by the tail pipes. It appears to be firing strong on all 8.
The engine now has a few hours idling in the garage looking for this problem and the noise has not changed. It hasn't gotten better or worse which I find strange. I don't have a windage tray in there and I put the stethoscope all around the oil pan and you can hear the tapping but its the same amount of noise no matter where you put the probe on the pan.
My thinking is it would be best to pull the engine and look for the problem at this point unless someone has a better suggestion? I do think the problem is inside the engine some where. I think there is a lot right with this engine so if the problem can be found before damage is done I could save a lot of time and money. Yes its a lot of work pulling it and taking it apart but it could be more work if the problem is not solved and a catastrophic failure occurs.