Let me see if i can help
I bet its running to rich and not all the fuel is burning fast enough then when the piston comes down and gets a fresh charge from the intake its catching on fire and burning all the feul thats also down in the crankcase and maybe even all the way back to the reeds and its the reeds that are making that noise, better fix it before it completely blows up the bottom end like a grenade and theres peices of shrapnelled blaster motor all over the place.
There, feel better now? I:I
Take the rings off the piston and stick the piston back in the cylinder and see if you can stick a credit card, a peice of paper, 7-11 big gulp straw, feeler guages or anything in between the side of the piston and the cylinder,,,,,,,,,,,,,,,,,,,,,