This also used to be an issue with very simular racks in Chevettes. The sound is almost like the sound when you break loose your lug nuts.
Either take out the cover under the spare or have someone look at it while on a rack. Have them look at the rack as it is turned against the stops. You will most likely find that the rubber mounting bushings have shrunk away from age and allowing the rack to move a little side to side. Normally about a 1/4 inch. As the rubber warms up, they rap around the rack tighter and you don't feel it.
My 85 will do it on extreme cold weather if I turn to the stops very hard. I have not had any handling issues. I have tried to get it to do it on hard, fast turns and it won't. Only when turning against the stops.
I have been looking for the bushings and they seem to be hard to get. They look identical to the Chevette bushings. The Chevette bushings would show up much earlier due to the engine sitting right over them. With heat and fluids.
[This message has been edited by cmechmann (edited 02-24-2014).]