No, you need to find it. Leaving a piece of metal that thin inside there will block something somewhere deeper inside the engine. Manipulate a magnet and get a grabber tool that you can bend around.
Anyways, I was going to say... Is it possible his low compression reads are due to piston/valve contact? He may still be getting some compression, but the seats are starting to wear away. I would try a leakdown test on your compression. Those number do seem awfully low (although I've never seen proper numbers for a big bore kit).
And yes, valves do easily get out of adjustment, especially if you go for extended high-temperature rides, and especially if it's been a while since you adjusted them. I just rebuilt the top end on my bike on Saturday, tuned the tappets on Sunday (it sounded like smooth churned butter!) and went for a 300 mile ride. Now the bike sounds like a bunch of crickets at idle. It's normal to have to re-adjust several times after a rebuild.