Ha, I found a jewelers magnifying glass, and that's deff bearing material plus whatever ground up, be it rod and crank or crank and block.
The balancer being all messed up, before it completely tossed it, will cause the crank to wobble and tear up the mains. Hopefully thats not the case, as that brings the suck bad. Hopefully you got away with a spun rod. Which isnt near as bad.
Wish I had taken pics of it, but we had a 69 El Camino SS that was a friend of mines and worked on it in HS, and it ran all sorts of stupid sometimes, and ran sorta decent other times. We checked and rechecked everything. Finally, we ended up pulling the motor to rebuild it for more HP of course... (you know how you was in HS) and it had snapped the crank in half, between the center 2 main bearings. And somehow it would fire up and spin both sides of the crank just right and it would run sorta ok, and other times not so much. No glitter or bearing material in the pan at all, and all the bearings were fine, plus it never overheated, and always kept the battery charged. Sometimes engines can act all sorts of ridiculous, like an X wife.