I was just absorbing what everyone else was saying regarding this problem until I watched the 8 second video.
I wasn't planning on posting at all...
The noise in the vid changed it for me.
Usually, noises are muted via video and most times it's difficult to even hear what the poster is complaining of...
He WASN"T complaining of hideous noises!
Maybe the exact opposite happened in his video and the noises were amplified.
It could be possible.
I may be wrong, I've been wrong before.
Doesn't happen often...
To my ears that video sounds like "the Grim Reaper is knocking on the front door"
and I would not fire that again until I better understood where the noise was coming from.
That noise "deadlines" that for starting in my book.
Compression test and valve train inspection would be first on my list.
These only cost time (maybe VC gaskets) and if a problem is found will save hours of head scratching from frustrating diagnostic results.
I am in perfect agreement regarding the use of an inductive timing light and a dwell meter early on. I just don't think the problem merely ignition related at this point.
Hell yes! I would put both to work during the diagnosis, but I would start with a comp test first on this one.
Possible noise makers: foreign object in cylinder, broken valve spring, rocker arm looseness, miss wired plugs, loose tin or other items bolted to engine.
Loose balancer/hub, loose flywheel/clutch bolts.
The first four could have happened during the ignition work.
These are 50 years old...
914 teener brought up another biggie that I would research early on.
Is the distributor correct of the engine/D-jet FI?
He thinks it's wrong.
I'd bet he is correct!
I'd still do the comp test, valve train inspection before anything else.
Edit: The saddest thing is that it would taken me less time to do the diag than it has taken to post suggestions....