After the Flatlands where I had a lot of different noises coming from the drivetrain (some I suspect due to the amount of rain washing away lube etc.) I stripped it all down and rebuilt. All the noises are gone but that rub has come back, I suspect it might have been there all along just not quite as bad.
Interesting point you make Oaky, I do have a spot where the chain is slacker, I suspected that was to the relatively common not 100% round chain ring and the fact it is difficult to get them 100% centred. I hadn't noticed anything particularly noisy or loose when I cleaned up and regreased the BB and the cranks definitely don't have any play once installed.
I guess spacers are the starting point for now...