Mark,
Does the "pop" occur when the gear switch is selected up or down? That is, does the "pop" occur immediately, or does the "pop" occur at the end of the cycle (Up or down)?
If you have the old style instrument panel with the key which includes the "master" switch in addition to the master switch behind the sub panel door on the right side, have you considered that the "key switch" may be the problem?
Before I upgraded to a BDS panel, I had replaced my switch, which resolved many of my problems.
Tom