I see that you have installed a 383 in place of a 350??? If you used the stock 350 oil pan you probably have something hitting the pan, the longer stroke means the crankshaft needs more room to rotate. Since my tapping goes completely away after it warms up and it runs soooo good and tows like crazy, I'm just going to live with it.
I'd take the new engine from GM. I'm lucky though, we have a GMC dealer in the area who's mechanics have been there forever, plus the one who dropped a 292 in my 1965 Chevy Van in 1988, he's getting old but is really really good.