Thanks for the advice! I'm working through this stuff:
I removed a couple connecting rod caps. Then I removed the #4 piston (which seemed from the audio to be the loudest knock).
The wrist pin is loose. I took it into the machine shop (as I was picking up the head from there), and I showed it to the guy there. He thought it was loose, estimating about 7 thousandths of clearance. It's supposed to be about 1.5 thousandths with 3 thousandths the max allowable. He obviously couldn't say for sure that this was the source of my knock, but with the other mechanic initially diagnosing the knock as a wrist pin, I'm getting more confident this is the source.
When you buy new connecting rods, do they usually come with bushings in them? The machine shop guy said new rods may be my best bet if they include the bushings.
The bottom part of the rod bearing (on the cap) seemed to be in good shape. The top part was a little more worn (less white, more metallic) with specifically a teeny bit of discoloration where the force from the power stroke would be applied. The machine shop guy said everything is probably OK, but to plastigage it before reassembly. I'll try to do that this weekend.
The crank rod journals appeared fine.
The main bearings look like a real PITA to deal with. They require 120 ft-lbs of torque, and my wrench only measures to 100 ft-lbs. And the service manual says I can't rely on plastigage with the weight of the crank on the bearing, so I'm not sure what that means. I'm thinking about leaving the main bearings alone unless something turns up with the clearance of the rod bearings. Bad idea?
Oh, and the head is trash. The rebuilder apparently put in a new valve guide, but the machine shop guy said the head should have been thrown out before the rebuild. The piece of the block that the valve guide went into was already way too stretched out (if you look real hard at the picture you can see it, but I need another picture). I talked with the rebuilder again, and he may be willing to make good on some of this stuff.
1:40 video where you can hear the looseness of the wrist pin bushing fit:
https://vimeo.com/135104055
Some pics: