Ever since it's first oil change it's had intermittent bottom end noises when cold, goes away when warm. Looked it up, piston slap is common on these, screwdriver-as-stethoscope localized the noise to that area, that's what I attributed it to, while keeping a close eye on it. Cut open an oil filter, some sparkles in it. This past oil change it was worse and there was gray schmoo on the magnetic drain plug, which wouldn't be attracted to the magnet if it was aluminum from the pistons. Might have started that way but has caused other issues now. Piston slap alone meant engine was on borrowed time, I wasn't too concerned since I drive it ~2000 miles/yr.
It also had an exhaust leak when I first bought it which completely covered the noise. Previous owner and used dealer I bought it from may have had no clue the engine was compromised, or might have intentionally created the exhaust leak to cover the noise. I rolled the dice on a nearly 30 year old used vehicle and lost. Such is life.
Now trying to decide on paying a mechanic to make the problem go away, put a reman short block, reman long block, rebuild existing engine, find good used engine, buy separate core to rebuild and then swap, etc.