Newly aquired 67 Mustang

[Phillyfanfrombirth]

Hmmmm....

Might be possible that the plate that divides the engine from the transmission has a bend in it, or may not be lined up properly...either way, if there is a noise such as this, I'd try to address it prior to even trying to start it. If the torque converter is not lined up properly for any reason, you will be in for some costly repairs if you try to run it. You might be should to pull the access plate on the bottom of the tranny to see if you can see any type of wear or metal shavings that may have accumulated down there, or to see if the torque converter bolts are worn in any manner.