Go to the autoparts store and get a compression tester (it screws into the spark plug holes). Pull all of the plugs. Look for oil fouling. Gently clean off any oil fouling and look for rust on the plugs. Unplug the hot wire you ran to the distributor and test for compression with WOT throttle.
If the cylinders all have equal, good compression, it can't be rings making that clattering.
If the cylinders all have equal, good compression, it can't be rings making that clattering.