Clearance Measurement Procedure
Take your feeler gauge out. The specs call for a clearance of 0.003" to 0.005" for both intake and exhaust. In mm, it's 0.08 mm to 0.13 mm.
Make sure the gauges are clean and free of dirt. Oil is okay (they will be oily afterward anyway).
Put the smallest gauge between the bottom of the adjustment screw (e.g. part number "11") and the end of the valve stem (e.g. part number "31"). If it fits, that's okay. Keep moving up in sizes until they won't fit. See a) through c) for the various cases. As for actually getting the gauges between the adjustment screw and the valve stem, it can be tricky. What I recommend: 1st, make sure there is plenty of light. If you are on the left side of the bike, measure the clearance on the right side while holding the rocker arm up with your other hand (remember there should be little play). Even if the gauge will fit, it may be tricky to get it in there. Practice sliding it in and out until you are sure you are measuring the right thing! I had the most success pushing the gauge straight in, but you can get them in from the side.
If the 0.005" fits, but not the 0.006", the clearance is to spec. Go to step 6) of "ADJUSTING THE CLEARANCE." However, you may want to tighten them up just a little. Your call.
If the 0.003" won't fit, your valves are too tight. Go to "ADJUSTING THE CLEARANCE."
If the 0.005" fits, try the next size up. If the next size up and so forth fits, the clearance is too loose. Go to "ADJUSTING THE CLEARANCE."
Adjusting The ClearanceIf your valve stem - rocker arm adjustment screw clearance is out of spec, it's time to adjust the clearance.
Now the 10 mm offset wrench comes in very handy. You can also use a 10 mm socket w/ a ratchet (1/4" drive is easiest), but you can't hold the screw in place while you tighten the locking nut later w/ the ratchet. You may be able to get a regular 10 mm wrench in there, but not easily and you may mess up the nuts.
Loosen the locking nut(s) with the 10 mm wrench. This means turning the nut counter clockwise as you look down on it. This will bring the nuts "up," towards where the gas tank would normally be. If you are still not sure, point the thumb on your RIGHT HAND up, and your fingers will point in the direction you should turn the wrench.
Don't go crazy, sure and steady doesn't strip the nut or bend the adjustment screw. DO NOT REMOVE THE NUTS. If they fall into the engine... well, God help you.
With a flat head screw driver, loosen (same direction as immediately above) the adjustment screw.
Insert the CLEAN feeler gauge of your choice between the adjustment screw and the end of the valve stem as before. I used the 0.004".
With the gauge still in there, tighten the adjustment screw. You should be able to remove the feeler gauge with a small amount of effort, i.e. there should be a little pressure on the gauge, but not a lot. Finger tighten the locking nut.
Put the 10 mm wrench back on the the locking nut, and put the screw driver into the adjustment screw. Hold the screw in place and tighten the nut.
Recheck the clearance. If it is out of spec, go back to step 1).
You must do this for all 4 valves.
If you are successful, you are nearly done, but I STRONGLY RECOMMEND TURNING THE FLYWHEEL SEVERAL TIMES, RESET IT TO TDC ON THE COMPRESSIONS STROKE, AND RECHECKING THE CLEARANCES ON ALL FOUR VALVES. If the clearance is good, bolt everything back up.
If you have a torque wrench, you can get at the exhaust (front) bolts fairly easily, but not the rear ones (well, with a 3/8" drive, anyway). If you do not have a torque wrench that fits, use your 10 mm wrench. Tighten them firmly, but again, don't go crazy. Finger tight and then a bit more than wrench firm, maybe 1/8 to 1/4 turn. 6-8 ft-lbs is the proper torque.
When reinstalling the timing inspection plug, make sure it is not cross threaded.
Once the covers are back on, you should still have some gas in the carb. Start the bike up and listen. You should hear SOME valve noise, but not a lot. IF YOU HEAR LOTS OF VALVE NOISE, YOU PROBABLY ADJUSTED THE VALVES AT TDC ON THE EXHAUST STROKE. START OVER. This loud noise will be really obvious. You've never heard it before on your bike. Do not ride it. Let the engine cool overnight, go get drunk, and start over tomorrow.