My knocking is at a certain amount of revs (midrange ish). I can drive without the noise but have to change gear fairly early. Also the sound isn't noticable at idling.
I took the car a couple for a compression check a couple of months ago due to white smoke and on inspection the 4th (rear) cylinder had a bit of deposit on it and was slightly lower on compression than the others but not dramatically.
Is it possibly a head gasket on the way out or maybe a piston ring going? Like I said no loud bangs, knocking or loss of power. Only a tapping, Dad described it as rattling a stick in a drainpipe though not as echoey.

Steve