Well, went out yesterday and the knocking is actually getting worse and happening longer while I'm driving. Turns into a slight gurgling sound when sitting at a stop and I was driving for about 30-40 minutes last night and it never went away.
After researching the Mexican made Standard Motors $34 part I ordered a little further and checking some Toyota OEM parts sites, I think that particular part I got from RockAuto is for the v6 engine.... and its likely not as well made as an OEM part.
I also went to this site to find out more about the part and its function and discovered it is factory calibrated so even more reason to go with OEM.....
http://www.autoshop101.com/forms/h42.pdf
I removed the $34 part this morning and plan to return it to RockAuto. I cleaned up and reinstalled the original part until the new one arrives. After reinstalling the original I'm not not getting any knock even at start up.
I went to Toyotapartszone.com and got this OEM part for $83 (including shipping to NJ).
23270-50012 - OEM Toyota DAMPER ASSY, FUEL PR
If the knock never comes back, I may return this one too. Perhaps reseating it was all it needed. Who the hell knows. All I know is that little noises from the engine make me nuts.
Will keep you updated.