Sorry to take so long to get back to your great suggestions. Wanted to check with shop for some answers. There is no metal in oil, The block was align bored and crank was turned. It is the correct cam (fuel pump lobe correct position). The cam gear was heated before pressing on, however the thrust plate looked good and was not replaced. Detonation was my first thought, replaced the very old stock dist. with a rebuilt stock dist. Knock was still there. The gas is fresh, will try high octane, if knock is gone, will have the dist set up, Then if knock is still there, will pull cam, replace gear and thrust plate..Thanks for your help!!