Interesting day of discovery. Put the car up on ramps so we could separate the torque converter. Surprise! It already was.
So we fire it up to investigate the noise. Took a long time before we finally had it happen. In this video you can hear it at the end after the revving the motor thru a lean bog.
After watching the torque converter from under the car I realized that horrible noise is the torque converter when it catches a little on the flex plate. I think we weren't getting the noise immediately today is because it was on ramps so gravity was helping to keep the torque converter away from the flex plate.
We rounded up some torque converter bolts and bolted it to the flex plate. Then we were able to do this:
Now I almost have more questions than answers. Why did someone unbolt the torque converter? Why did they think the engine was bad? Indications are someone cared about the car, but did they get burnt out and felt like they were spending too much money on it?
What I do know:
1) Rear main leaks horribly. Worst case might be an indication main bearings are shot. However it has enough oil pressure to turn the dummy light off. In the past when I had main bearings bad enough to blow oil past the rear main, oil pressure wouldn't come up.
2) Transfluid blew out the dip stick tube while were doing laps around the yard. Could this be because someone didn't know the torque converter was unbolted and thought it just needed more fluid and proceeded to over full it? What else would cause fluid to come out the dip stick tube with enough force to push the dip stick up.
I think my next move will be to do a compression check on the motor. I'd kinda like to keep that motor if possible but bad compression will definitely rule that out. If compression is good I can look into changing out the rear main seal.
Any thoughts?