Hard to say at this point, but the chain-off test doesn't tell much. When riding the bike are you lugging the motor? Is the problem only noticeable at low engine RPMs?
Hey Scottly, No, I'm not lugging the engine. But I haven't taken the bike out on the open road to test as I don't have clear title/registration etc. I've had it up to about 30mph in 3rd gear at the most.
It just feels like a lot of drive train lash as I drive down the road at 20-25mph. I'll feather the clutch and that smooths things out.
It has a new o-chain, properly adjusted, two oil changes, valves adjusted, carbs syncd as best as I can, new plugs, timing adjusted.
It just feels like the transmission is out of balance, if that makes any sense.
It's weird and doesn't make sense.
Any suggestions will be appreciated!