The thing that got me was that I didn't hear it without the exhaust pipe installed. In fact, it seemed to run much smoother without the pipe.
Something else that stood out was the misfiring at low rpm. Once it had a load (increased rpm), it went away.
I replaced the plugs, even went a step hotter (7's) but there was no difference.
I'll do a little more troubleshooting to see if it's a failing coil, wire, or carb issue.
Thanks for your feedback