The noise seems to be coming from the front of the motor, pulleys and belts. The ticking noise is completely random, not in line with the RPMs at all.hard to tell where its comng from but my inital thoughts are exhaust flapper which is in the exhaust down pipe just below the elbow , or lose rocker arm
dissconnect the acessory belts and run the engine briefly see if it goes away. If it does it is one of the acessories or water pumpThe noise seems to be coming from the front of the motor, pulleys and belts. The ticking noise is completely random, not in line with the RPMs at all.