Hi shoat,
Humble opinion:
Because the noise only happens for a "short" period of time at "only" the beginning of the day, & because of what you hear, there appears to be a possibility of it being a "piston slap" noise, here is a very simple engine test that can be conducted on four (4) separate days:
1. Morning one (1):
A. Remove spark plug no. 1.
B. Look inside to find location of position no one (1) piston.
C. Provide about two (2) tablespoons of engine oil on "top" of piston no. 1.
D. Replace spark plug no. 1.
E. Rotate spark plug connector no. 1, 180 degrees away from spark plug no. 1.
F. Start engine on three (3) cylinders & listen for engine knock "without" spark plug no. one (1) firing.
G. "If" no knock is heard, "piston slap" was formerly occurring at piston no. one (1).
H. "If" knock is heard, re-install spark plug connector no. one (1) & proceed to Morning Two (2) & piston no. two (2).
2. Morning Two (2):
A. Repeat same test, A. through G. as that for Morning One (1), except remove all phrases mentioning "spark plug no. one (1)" & "piston no. one (1)" & substitute in their places "spark plug no. two (2)" & "piston no. two (2)".
B. "If" knock is still heard, re-install spark plug no. 2 & proceed to Morning Three (3), piston no. three (3); & likewise later to Morning Four (4), piston no. four (4).
3. "If' after Morning four (4), after all four(4) pistons were checked whereby the noise did not disappear or "greatly" subside, let us know "if' there were no "piston slap" noises.
4. With similar symptoms not long ago, i.e., knocking on cold starts, & after conducting the above "piston slap" tests, it was found "not" to be a "piston slap".
5. Changed a fiber/metal center timing gear to a new Dan McEachern's solid aluminum timing gear & experienced no more knocking on cold starts.
Many Model A owners would rather perform test differently, or do nothing; & some may just want to live with the knock rather than take time to perform any test -- each to his own.
Hope this helps.