How much tension equals OK? The original chain is a heavy one and will cause this sound and vibration you speak of when worn, dry, rusted, rear wheel misaligned, worn sprockets. Etc........
Clean the chain with kerosene, dry, then saturate with 90 weight oil. Let sit overnight and set tension to 3/4" travel measured from the middle of chain. Check for tight spots. Sound still there? Replace the 30 year old chain and sprockets with new ones.
I haven't seen many of these original '78 SuperSport chains, granted, but every one I've come across was in very sad shape. And they all made the sound yours does.