Hi John McPhail,
How old is the exhaust piping on your 1986 240? What is the configuration? Stock, with the front resonator downstream of the catalytic converter, and the rear muffler?
If you have inspected the exhaust for faults and found none, the 240 exhaust can make a harmonic in final drive, like in the highway, at around 2800-3000 engine RPMs. It may have been a set up with the manual transmission (more so M46 with over drive engaged) and differential. These can also make produce an aural harmonic like a tone. The tone may be intermediate or even high pitched. Even with clean lubrication fluids at proper levels.
Though low levels of differential or transmission oil fluid can make these make a gear whine or bearing noise.
Inside the (if equipped) front resonator and rear muffler, you have metal baffles welded to the muffler interior. These baffles can come unwelded and produce a louder than normal exhaust, can change the exhaust note anywhere through the engine ROM range, as well as obstruction preventing free flowing exhaust.
The engine sounding stressed at 2800-3000 RPM can indicate poor tune. If the valve clearances are wide, the engine can sound more stressed at an RPM (can even make a piston-slap or, if really bad, diesel engine sound).
A clogged catalytic converter can cause an engine to run weakly and sound stressed such as when you merge into highway traffic.
Hope that helps.
Duff.
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