It's an elbow in the overflow box.
The water level rises up a bit on the elbow and then the water starts flowing down to the sump.....then the water level drops quickly and the noise starts.
I think it's because it's sucking air at the mouth of the elbow in the overflow. I took a small cup and filled up the overflow box with more water and it started pulling it straight down to the sump with no noise and then it drained the water very quickly and the water level dropped back to just to the edge of the elbow and it's making that slurping sound again.