X2 The reaper on the frequency of the tap - seems too slow for a valve train noise.
Valve train noises occur at half of crankshaft speed. So unless you're highly experienced (and I'm not), you can't tell by listening whether the noise is happening at 700 rpm or only 350 rpm. And that's under the best conditions, with no exhaust leaks and standing right on the engine. Trying to diagnose using that video....well, let's just say it wasn't possible to make a precise assessment.
Let's just say for the sake of argument that you were idling at 600 rpm. 600/60 seconds = 10 rps (revolutions per second). Valve train noise is half crank rotational speed so, 10/2 = 5.
Trying making a noise with a frequency of 5 raps per second. See what he means? Your noise is more like 2 per second - too slow for any valve train component.
If you want to verify, use a timing light like this:
Hook the timing light to any one cylinder and watch the flash illuminate the timing mark. Stare at it for a while and see if the flash is in synch with the knock. If it is, then it is likely to be valve train related (rocker arms, pushrods, lifters, camshaft, cam bearings, timing chain and gears).
Not related to your sound - just as general info.
If the noise seems twice as fast it is probably in the crank, mains, rods, rod bearings, wristpins and pistons.
I can't think of any internal engine component that cycles at such a low frequency. I would take a close look at external stuff, specifically belts and belt driven accessories.