No, its the stock covers. I removed the covers one at a time and checked the rods and tightened the rockers back to 22. When I started the truck with either cover off you couldn't hear the knocking. Seems likes its echoing off the covers.
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Fresh oil in there?? Or any oil at all?
Change the oil, my 4.8 has 400K+ on it and right around 4-4500 miles my motor make funky noises. I put in some fresh juice and a new filter and it runs like a top for another 4-4.5K miles with no sounds at all.
.................PS: Put some hose clamps on the heater core lines coming off of the water pump
Does it have cats?