Okay, I drove the Miata from Houston to College Station (~100 miles) for a track day at TWS a couple weekends ago.
This noise started/was noticed after the second 20 minute session of driving 7/10ths. My last effort lap I noticed my temps were getting high so I backed off and left it in 5th and the temp dropped to normal in about a minute and then took a cool down lap and came off. I immediately checked oil levels and they were normal and no metal flakes on the stick.
The noise is not coming from the top of the head and sounds like it is coming from behind the water pump. also, it does get louder with an increase in RPMs. I stopped tracking it after I heard the noise and trailered it back home with a rental truck and trailer. I was stuck lapping the M5 the rest of the day - yes poor me
I am changing the oil for the first time since that weekend on Friday or Saturday night to check for metal - fearing a spun bearing.
I know diagnosing via a iPhone video sucks, but here it is:
After the oil change I will report back. I plan on taking it to a shop (most likely Gas Head) for a professional diagnosis but that might be 2-3 weeks away since I'm back in school which is 8-5 M-F plus work after school and my wife now works.
-Kyle