Noise in an overflow box comes from several sources. It is influenced by the flow rate, and things such as the length of the "weir," whether there are teeth or not, and the height of the water fall.
The Stockman Standpipe is the same as a Durso, an open channel. The only difference is in how the water enters. It is subject to the same physics as the durso. Once the pipe is over ~ 1/4 full of water, the flow becomes turbulent, and it begins to trap air, which causes bubbles, gurgling, and instability, depending on how far past the limits you go. E.G. if you had built a Durso, you would have the same issue. Been a while since a question came up concerning the Stockman Standpipe, at least in this neck of the woods anyway.
Just like the inventor of the durso, the inventor(s) of the stockman, hoffer gurgle buster, and other "air assisted" or "air/water mix" standpipe designs, did not understand the physics of their operation. The
only cure for the issues is to increase the pipe size, and/or reduce the flow rate, reduce the number and type of fittings, to the point the water flow becomes laminar: with water flowing on the walls of the pipe, and calm air in the middle. If your flow rate is much above 350gph, (for 1.5" pipe) the only real cure is to convert to a siphon system. There are a number of gimmick quick fixes floating around, but ultimately they don't do any good, unless the pipe size is increased, and/or the flow rate reduced.
Bean has a blurb on "Standpipe Basics" in the article on his website.
http://www.beananimal.com/projects/silent-and-fail-safe-aquarium-overflow-system.aspx