Listen to this noise...

Keep checking that cap and rotor. Could it possibly be an advance weight at idle that swings free when you rev it? It may have lost a shaft bushing allowing it to move up and down under load. Pull it and see if there is more than about .010 axial shaft play. Should be almost nill.
View attachment 1715519163

rotor should swing in under contacts as well as past (step shaped) them so too much axial play would tear up the contacts on top of rotor. See the step? Makr sure rotor is seated. Need them pics!~
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Could the distributor shaft be thrusting up? Are the tower contact metal showing wear? Pictures of the inside cap would be great

I think it's too loud and fast to be either of these but hey, it's worth a look.:D
Sounds like crank speed and not distributor speed.
(but then the converter has 4 bolts and the distributor has eight contacts so...)