Yep, sounds like an identical build minus the headwork...and the same noise. How frieking weird is that? I have 600 miles on mine. Did it do it right from the get go or did it start after about 500? Mine seemed to wait for a little while before making the noise, but now its there. Let me dig up a few links on piston slap for you, I'll edit them in in a minute

It'll be easier than me explaining it and probably more accurate too...
Edit: here's a guy with a similarly built but different 4 cylinder who also has cold start noise and still some when its warm. This one is particularly interesting to me because he's running the same piston to wall clearances I am.
http://www.linkline.com/person....html
Here's an excerpt from another site, this guy seems to have the same sound I do as well: "I had a 86 Aries with "piston slap". When my ear was close to the oil pan you could hear it loud and clear. The noise wasn't too loud otherwise. I thought my bearings/lower engine was just going to seize up on me at some point. I just changed the oil, kept driving, put on over 130,000 miles while I owned it, junked it at 230,000 miles because of an accident. I only found out that this symptom is common with the engine from this website"
Yet another: "it may be piston slap or a going piston. This is what I noticed. It makes a "clack" noise every time the engine rotates, It's sounds as if it were a little diesel engine. I can't figure it out. It isn't as audible if the RPM is above 2000"
I'll find more later.