Well I adjusted the valves to 0.003" on intake and exhaust and I've put a jardine slash cut on over the week.  Did the valves and the muff at the same time. soon after i put the jardine on and Adjusted the valves I been hearing what sounds like an Exhuast leak when letting of the throttle or giving throttle in 1st thru 3rd. I did replace the header to muffler gasket but not the manifold to header gasket. I did get a noise on the road the other day that was to say the least loud and jerky seems that It may have been road debris because a chunk of my rear tire is missing. of coarse that may or may not of already been there before all of this.
Q. What are the tall tale signs of tight valves and what are the consequences?
      Its a 2001 savage, stock pilot, 152.5 main, K&N drop-in , 6,246 on the Odometer.
               
                  -Scott-
                                   

i adjusted mine the other day.i thought i had it right,then i rode to work and the bike sounded weird and didnt have the power it had before the valve adjustment.i got home, i only work 2 miles from home,and went to check clearance and they were at .003,i adjusted them to .004 i thought. i readjusted them and took it out, it was alot better got my power back and then some. the bike feels stronger than it has ever been.

Why so tight? One mistake and you have a problem.

If I had to turn the adjustment screw more than a quarter turn, I'd recheck TDC (several times, following every suck, squeeze, bang, blow).  It's very easy to get the wrong one.

But more likely you may have the wrong 'feel' for tightness on your feeler gages.  You can force the gages in cause of the oil and you are fooled into thinking it's right.

If it starts FOO? I have no idea what my fingers were thinking,, I meant UP, not foo,, really,,  

I'm going to readjust them today. going for 0.004 Exhuast and 0.003 Intake  that seems to be the ongoing suggestion. I hope that nothing is damaged from this overtightening experience.
 Thanks for all the input. This site rocks!
                 -Scott-

go on past it a little bit - just how loose are they ? should have been sounding like a thrashing machine if you had set them on exhaust last time - but hey if they were gap'd too big you certainly weren't fireing though open exhaust and etching the seats

Yep, everything seems in order had to adjust my pilot screw alittle getting some pops and crackles on decel but other than that I think its safe to say my valves are in order.
 Thanks you guys for all the feedback.
               -Scott-