Sorry this took me so long to get to, I was away the past few days dealing with a family issue upstate.
I hear it! It's not aligned or you have a bad propeller.
To me, it really sounds like the WET SIDE propeller is either bad/going bad/needs a good cleaning. One of the big issues with these power heads is that people toss them in the tank and never maintenance them again. The wet sides will go bad over time, it's a known issue, but if they're cleaned regularly, you can get a much longer life out of them. I have generation 1 and 2 pumps on my tanks and as far as noise level goes, they're all the same. Why? Because I replaced the wet sides on the generation 1 pumps. Just throwing that out there. Also, no saying that yours is wrong, but I can not tell you how many people think that they have these aligned properly and then they're not.
Is this a new power head?