LM, I suspect that the high amount of carbon vs. low miles is due to the bike running very rich while trying to sort out my carbs. Took a while for me to get that one dialed in. The last 100 miles were on perfectly tuned carbs with nice sandy spark plugs.
Cylinders are perfect.
Engine has never overheated.
Teazer, the plugs are fine, I went over them thoroughly. I can't spot anywhere in the engine where one thing was touching another. Not a nick or ding to be found anywhere.
When the bike was together, I went over the valve clearance daily since that was what made the most sense as far as noises go. TDC, set right valves to 0.004 rotated 2-4 times re-checking each time. Then turned the engine over to BDC and did the same on the left. I'd check it every day, never did they budge.
I can get you detailed photos of everything, but there's nothing out of the ordinary I can spot.
Steve, I didn't get a chance to get that close to pin pointing the sound before I had to pull it apart.
Ed, I should have been clearer in my description. The original intention was to just hone the cylinders, but there were still slight grooves from the engine being seized at one point before I owned it. The machinist set out to hone it, with the posibility of it having to be bored explained before hand, which turned out to be what happened, bored to 0.75. Charlie O'Hanlon from
Charlie's Place found a matching set of pistons and rings from Ohio Cycle.
Teazer, I reset the cam chain tensioner a few times, so I doubt that's it. I double checked the tensioner when I pulled everything and it moves nice and smoothly within the body and locks solid when tightened in.
I'm just taking the chance to let everyone know the things I HAVE done so they can be ruled out. LoudMouse offered for me to call him, which generally yields great results when you get him on the phone. He helped me out of a sticky clutch situation once before.
I'll keep everyone posted on what I find, and go through everyone's suggestions once more. Sorry this thread is getting so wordy.