First, the noise of sticky lifters can be loud enough to be confused with a rod knock. I have been tricked...
Second, if your rod bearing clearance is so loose to cause a knock, it will not stop until remedied. Well, you can run 75-140w gear oil as a substitute for regular oil I guess, it
will be quieter.
In your case, the noise goes away.
So picture this scenario: one of your intake valve lifters gets gunked up with carbon to the point where the internal plunger sticks into a collapsed position.
It greatly increased the gap between the camshaft lobe, and the two begin to knock.
The camshaft lobe is smacking the lifter, which is now unable to open the intake valve completely, choking off supply to the piston, which is trying to pull air/fuel into the cylinder.
Being starved of air/fuel from a restricted valve opening, what would be normal vacuum drawn into the combustion chamber rises higher than normal.
The only source available to relieve the higher vacuum is from below, the crank case.
In the process,
air and oil are being drawn up into the combustion chamber by the higher vacuum.
When the lifter regains its proper function of supplying air/fuel, the oil in the combustion chamber burns off in a puff of BLU SMOKE.
That's all I got Spanky!