As strange as this may sound...
Eswartzer - you may have a couple things going on. I'm going to leave the LP out of this to start with. The small rapping sound under the hood sounds earily similar to something I have had, as well as a handfull of others.
Mine happened while pulling a steep grade in the meat of the powerband in 4th pulling my 9,500 lb. 5'er. Mine sounded like a light thump, thump,thump,thump,thump. It sounded just like a tire going flat slowly. But I couldn't feel any shake in the body or pedals or steering wheel. And it went away immediately upon releasing the throttle. It came back on the same grade when I picked back up the throttle. It only happened at hard loading and in 4th gear.
Turns out in my case (and the handfull of others) that the noise is coming from cavitation in the coolant system. If I remember correctly, the water pump is cavitating. But this is easily remedied by a cheap change of thermostat (which I assume changes the head loss of the coolant system). It is a certain thermostat from D/C. I don't know the p/n off hand. Others do. If this sounds like your problem (with the noise), I'd post a question asking about that p/n. I was skeptical that this was the problem. But, other guys who pull more regularly than me say they've changed the problem and it cleared it right up. Like I said, mine did sound like a thump, and I can image a hose full of coolant (possibly being thrown around), could make this sound if the water pump was cavitating.
Otherwise, if its a bad LP, check out the topic I started, "Its got to be the LP," and other LP topics. Plenty of info here to help you diagnose the LP, if that's what the problem is.
Good Luck!
- JyRO