I have to agree with Curtis on this one, mine unfortunately was a bit worse. It sounded just like yours (both sound and sequence) just to be safe I pulled the heads. Both exhaust valve guides were oval and the valve stems badly worn. Oh, and like somebody else mentioned, I changed my pipes (FSD Sinful) and I could still hear the tick!:bang:
Okay, say the exhaust tick was the quick and dirty, I'm not standing in front of the bike say. Now say tick and valve. That would be again, setting the rods to the EOIC positions.
Then, who has the most gap, means, one with the galling gone off the valve stem? Who can you lift without moving a valve open as in, who has the most movement if tick means excessive gap = Tick.
So if pushing down on the rod, we see if a lifter has no holding force. If they load up and give, meaning, equally, then not a lifter at this time say. We are back to the top end and a rocker to valve stem gap if we equal Dez' failure.
The valve has to drop out of the guide or you dress the mushroom end with a file until it drops out. You may have a guide that is within tolerance or does not puff smoke on lift. Does it puff smoke when you start it in the morning or sitting for over days on end and poof, she cleans up? Then if no, the guides are fine at this time.
Ride the bike down a hill and lift off the throttle for as long as you can. Look back and hammer the throttle. See a puff of smoke? Yes? Then the guides are junk.
1. Check compression: for a lifter not opening and test with a cold engine. Why? No oil pressure in the beginning. You pinpoint that tick, check that cylinder first.
2. Ride the bike and do a 'lift test' for [subtle] guide wear.
3. Run the EOIC and check for rocker/valve stem wear and that might point to a loose pushrod.
4. Like Dez says, he heard a tick, he checked the rockers first. If all 3 above pan out fine, I'd start at the rockers and start checking parts is.....
Not just a shade tree mechanic who knows how to read a manual and works only on Jap bikes :loony: :lol:
... Parts, no matter how you look at it. American gall is the same parts is parts call on a Japeeknees, you go searching for the same noise is. You know, funny noise is.
Welcome back. :flag:

What kind of disease did you bring back? Is that lice on your head? Let me take care of that for you.