Okai.
Well, I wanna rule out the cam chain adjuster. (since from the sound, location, behavior @ low rpm it's my first guess)
What if I turn it clockwise, as said in the manual. Would it snap back into position if I release the screwdriver like on the 2nd youtube video? This way I know it's not stuck/malfunctioning. Right?
Perhaps I can give it 1/4 turn tighter just to make sure it's not the cam chain? (I doubt 1/4 turn can do much harm?)
Yes I've checked and adjust all valves. Some were tight (e.g. 10mm barely fit through some intake). But like I said if the valve clearances were off it should've rattled all the time?
I've got everything off (tank, carbs, ignition coil, waterpump, radiator, etc.) and checked for any loose parts.. engine mounts, radiator mount, battery, shock, couldn't find anything. Then again I'd say the sound is coming from the engine area (or waterpump).
Engine's not been hammered. Carefully ridden by previous owner and I always make sure it's warm before revving it.
I'll drain the oil next time.