I have not tried removing the belts. If its really cold out maybe less than 30f or 20f the engine will stay quiet for maybe a minute or so if i can recall. The noise is always just about that level. The second video is with the engine warmed up a little and idled down.So it's pretty pronounced right off the bat then eh? Does it get louder at all when it warms or is it always just about that level? I'm thinking wrist pin still maybe, but definitely check what Trav said first. Also, have you tried it with the belt removed to eliminate it being from any of the accessories? Always a good troubleshooting step "just in case".