Hi Cal, I will be brief as I have had an operation on my hand today, so typing a bit tricky. That sounds like a drum, as if the brass tray was being struck, is the stern tube resting on the brass bedplate? Also, try binding the the driving pin on to the shaft pin, just a couple of turns of fusewire would suffice, and see if you get the same sound.
Hope this helps,
Regards,
Nick.