Thanks for that Brett!
The stop-down button automatically resets when the shutter fires, so the paddle also returns. So I'm not sure there's a way to isolate the stop-down mechanism from all the other noises...
I did have to open up the bottom of another Miranda to lubricate the slow speed cogs, so I may have a look inside this one too. Good suggestion.
I've heard that sometimes the flash sync can cause a ringing noise too. Though I wouldn't want to dig that far into the camera to find out.
I can't confirm that all is well with the shutter other than to say it fires accurately at all speeds.
I tried a Sensomat RE (that the TM is based on) at the local camera shop and that shutter was much quieter. Another reason I lean towards blaming the M42 aperture mechanism.
I typed off my previous post in the small hours with my phone so didn't search for any images or additional information at the time. I've taken a look with my PC today and acquainted myself with a model of camera I'd not previously ever looked at. Even Mike Butkus didn't seem to have a manual for this model (not under "Miranda" that I could see, anyway). But a quick look through the Sensomat RE manual, which, as you mention, the TM is based on at least has me familiar with the basic architecture.
M42 stop down levers (paddles, etc) tend to be made of light weight metal. They can't be too heavy of course because they must move very quickly to close down the lens and too much mass works against this.
I mention the above, because it's worth bearing in mind when you're trying to pinpoint the actual components that are contacting each other and creating the noise. Generally, I'd expect that if the actual lever was, for instance, hitting the inner shroud (or bottom of the mirror box, behind it, some cameras have an insert there, others don't), the sound would be higher in pitch, reflecting the material the lever is made of, or a duller "thwack" reflecting the composition of the shroud/box. Of course these are, once again, quite general observations, I'm sorry. But, I'm still wondering if it's not the actual mechanism hitting something within the lower cover, rather than the lever, itself? Simply because a "reverberating clang" seems to me at odds with the materials used inside the actual mirror box of a typical M42 camera.
Of course the above could all be completely off beam, and perhaps the sound
is emanating from within the mirror box itself. Well there should be an easy enough way to test this. Suppose the paddle itself is bouncing back into the housing? You should, for instance, be able to temporarily wrap a small piece of suitable tape around the paddle. This should muffle any noise from it hitting the housing, or at least, alter its pitch. You might well see some signs of contact too, perhaps?
I also think removing the lower cover for a look is probably a good idea. If the noise is coming from the mechanism inside it that activates the paddle (I am assuming that mechanism
is in there, it often is, but there are exceptions) then--with the cover removed this should also alter the nature of the sound. Most likely making it louder you would think.
If the above suggestions aren't productive, you might consider removing the lens mount for improved visibility and access to the area involved. Images I've found on the web show some retaining screws visible with the lens removed, so I assume it should dismount fairly quickly and easily. This might offer a few clues if nothing else does. Do watch for the presence and location of any shims beneath it if you remove it, though, it's frequently how manufacturers set the precise lens register or back focus distance to the film rails for their cameras. Misplacing or incorrectly installing these may adversely affect focus accuracy.
That's about all I can suggest for now, but feel free to add some relevant images or more details, if you need, and let us know how you get on.
Cheers,
Brett