I suspect anyone viewing this thread is also, like me, concerned about rod knock from their Cruiser. Therefore I will post a few observations that might help.
1. Try to identify the exact source of the noise. "Rod knock" apparently can actually be a result of loose or leaky exhaust/EGR components. Apparently also if the AC compressor has issues. If engine internals it could be piston slap or stuck timing chain tensioner. Some owners feel it's a benign noise that can be ignored, likely due to hydraulic chain tensioners.
2. Before planning any kind of teardown, change the oil and see if that affects the noise. Also have the oil analysed. $30 through the mail with Blackstone
Free Test Kits | Blackstone Laboratories
3. If your Cruiser knocks only at cold startup (like mine), it's likely due to low oil pressure. There are a couple options. This thread has some good discussion from mechanics
1FZ cold start engine knock...whose got it?
4. Oil + filter upgrades. There are a million threads on ih8mud about oil. fj80toyman reported quieting his knock-on-cold-startup by upgrading oil & filter to NAPA 1515 filter and Mobil 5000 non-syn 5W-30, + 1 quart Lucas synthetic additive. FXR UPR reports better results using 5w30 over 15w40. (He also replaced the chain tensioner, which quieted things)
5. Engine Internals. If you have to tear into her, it's wise to start with the cheapest, most likely culprits. Some owners report improvements by replacing their chain tensioner. Replacing the main bearings is relatively cheap.
I have PMed other FJZ80 owners reporting cold-start knock. Will update this list as responses come in.