Sorry it took me awhile to find time to get to it, but ....
Well, well, well - here's the skinny!
I disconnected all the belts and fired it up and it makes normal noises for a 35 year old engine!
I hooked them up one by one and the noise was still gone. However, more closely examining everything, the head of the bottom mounting bolt for the power steering pump has snapped off. That allows some degree of movement and hence the clanking noises I hear I think.
Trying to remove it, it is in a different position so does not seem to wiggle. I fired it up and sure enough - the noise seems to have gone away.
Now to effect a permanent fix, I need to see if that bottom bolt screws into the mount assembly somehow or whether it can be punched out. Looks like I may have to disconnect and remove the power steering pump.
If I can do that and the noise has disappeared for good, I am a happy camper, but I will not know until I get there I guess.....