mtpony;
with the FelPro head gasket and no head milling, your compression ratio is likely less than 8:1. It would take a LOT of spark advance (like 15-18 degrees) to make it knock, if at all. When I had my engine set up that way, I could put 22 degrees of static advance on it with no sign of ping.
BUT - that same head gasket added .035" to the effective "height" of the head where the pushrods are concerned: they are loose. If the rockers are worn (as in, 'not new'...), then they will rattle quite a bit. Worst case, they can actually fall out of the rocker - mine did!
There's a couple of things you can do; here's the solutions I used, from cheapest to most expensive:
1. Get new pushrods. Your lifters are probably worn, but without pulling the head, you can't replace them. Pushrods are available from NAPA in .060" overlength, too. For example, a worn pushrod-rocker-lifter set will be about .020" undersize. When you add .035" extra head gasket height, this becomes (.020"+.035")=.055" too short! The lifter itself, when new, will compensate for +/-.040" difference. So, at least get new standard length ones, or, like I did, .060" overlength ones.
2. If you're not going to pull the head and mill it to remove that extra .035" height, you can mill off about that much from the bottom of the rocker shaft stands instead. This will "lower" the rocker shaft back into the original geometry, and is cheaper than pulling the head. However, if you later mill the head and/or use a thinner head gasket, you will have to use the .060" UNDERSIZE pushrods in that new setup.
3. Pull the head and get a thinner gasket. I have 2 of the FoMoCo composite (.027" thick) gaskets left: if you want one, PM me and we can talk about it. I'll give you more info about the whole head gasket thing then, if you want. Get new lifters and pushrods at the same time while the head is off: it's worth it for the extra power and smoothness this brings back.