First off all the engine is most likely the 126T02-3206-B1, which is the number we need if we're working on the engine.
The model number of the mower is good to have, but it's the engine we're working on and Toro doesn't make the engine, Briggs does.
You only stated the engine had a "rod knock" and that you ran SAE 30 in it.
That doesn't say much...
It doesn't specify if it's truly a rod knocking, it could be but in my years I've ran across many a misdiagnosis. I always start with the basics, the engine has a knocking sound... Could it be oil related? Not sure, but we also don't know what kind of SAE 30 you're running and yes, I've seen people run all sorts of "oil" in their engines over the years, even 2-cycle mix; lets keep in mind most people wouldn't change their lawn mower oil hardly ever and they will let that stuff get black as soot and even claim that to be normal but when I switched it to what I run (which is 5w-20 full synthetic) all their problems went away.
Non detergent oils are good for air compressors and such things, maybe certain hydraulic drive systems, but in today's gasoline engines it is always best to run a multi-grade full synthetic oil. This covers you for summer, winter, and for home owner use on a lawn mower you can go a year or two between oil changes.
The manuals can be found on this page:
www.briggsandstratton.com
The actual manual for this particular engine can be found here:
And on page 10 of that manual it states to use
Briggs & Stratton 100005 SAE 30W 4-Cycle Engine Oil, 18 oz. Bottle
So I have to guess that is the actual oil you are using.
You didn't per chance go by Dollar General or some auto parts store and buy just any bottle of SAE 30...
That being said, I would personally still run a Full Synthetic 10w-30 or 10w-40 in it.
But, if you're going strictly by manufacturer's recommendations and what the manual states, then yes you should use the
Briggs & Stratton 100005 SAE 30W 4-Cycle Engine Oil, 18 oz. Bottle