I just replied to your other thread before reading this one, which answered some of my questions, but brought up new ones. Does it knock all the time, just cold, or only on deceleration? I believe the clearance should be .001"-.003". Check and make sure the proper bearings were put in as well like 429 said. It should be marked right on the bearing.
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Good luck!
Brad R.
1992 L.X. 5.0 coupe
MODS: A few little bolt ons 
New Best time ...11.60 @ 128 mph @ 2000+ ft altitude.
Rice Haters Club member #39
Users rides #2542
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