HI Ron,
I had a problem with some engine knocks when I rebuilt the '28 engine that is in Lurch back in 2017. The babbitt bearings that you have in your 490 are similar and I suspect the troubleshooting would be similar too.
Yes, you can drop the oil pan and get to the bearings with the engine still in the vehicle.
I documented my rebuild in the VCCA 1912-1928 category. Note: I did an inexpensive rebuild, so I did not have new babbitt bearings pored. When (and if) this engine gets rebuilt in the future, it will need new bearings poured and line bored.
Here's a link to where I dealt with the engine knocks:
https://vccachat.org/ubbthreads.php/topics/404082/re-resurrecting-a-28-4-banger.html#Post404082If you want to read the whole engine rebuild adventure, it starts here:
Ressurecting a '28 4 BangerHope this helps. Dean