@Landman
I believe what I am hearing is a steady thumping sound about every 2 seconds that lasts until the bog has emptied itself back into the pond. So your description of water hammering seems correct, however, that isn't supposed to continue in a steady pattern like I am experiencing. Water Hammer typically happens once when the valve is closed, and then ceases.
It is a shame that your flap sits sideways. I agree that would cause a problem. My check valve is vertical so that is not my problem.