If you have a stick, are you in 3rd or 4th gear when you let off the gas? clutch in or out? a US '69 will have some smog devices that might be initiating, or maybe not. Either case may cause some different noises and behavior so pay attention to which gear and clutch state when you hear things. It might be the injection pump shutting off during decell, and it could be not shutting off and sending a bit of raw fuel to exhaust and making noise there. the BBB has details under the pollution control addendum. Neither is a problem though.