It's possible the "thicker" 10/40 oil could quieten the bearings temporarily, but it does sound like, as is said get a decent mechanic to give you some advise on engine condition.Thanks for the fed back, very much appreciated. At least I have a clearer picture.....finding a decent mechanic here who will give a fair assessment is the million dollar question!!!!
None of this happens overnight, so to me as a retired mechanic, if I heard knocking as you describe on one of my customers cars I would have advised them that not to waste money on that engine.
Different if they advised you engine was knackered and told you what they were doing was just to patch it up temporarily.
They didn't sell you the van in the first place?