Hi All, Thanks for your replies.
When I asked what the fix for the knowing was, the dealer here quoted me $1,600 to replace the rear springs. When it was clear I wasn't going there, they said they would recommend power washing the springs and greasing them like crazy so they don't flap. Looks like that idea would be worse than undercoating oil which doesn't seem to attract road gravel. Initially, they said my undercoating degraded the rubber spacers on the springs. However, the rubber spacers are still there and look to be in perfect shape. They did check the rear end which is where I thought the problem was and said no, it was simply the springs.
After looking around on the net, I found "Spring Things", basically a heavy piece of rubber with a heavy duty zip tie to hold the rubber between the springs for $45. I will give that a try after power washing the springs first and let you know how it goes.
What amazes me about this is that the problem has been ongoing for GM for years and they haven't done anything about it! Instead, they say there is a bulletin to dealers saying don't allow undercoating on the springs. Better to let them just rust? Very strange! The truck is still very comfortable, but makes a lot of noise at low speed now.
You would think that a truck they ask what $80,000 or more for now would be better built? I also have a 2002 extend cab 2500 which I get undercoated annually and never have had any problems with the springs.
Thanks!