Clearances don't mean anything as you've adjusted things multiple times.
Valve on number one is probably stuck open.
Look at the retainers as see if one is in slightly different position compared to the others. It won't be much, probably less than 1mm. About the only other thing I can think of (except a carb screw fallen out and jamming valve open) is burned exhaust valve, I kinda remember the Stellite on 'later' Honda valves (1978 on)being a bit thin
Oh, are any of the adjuster screw obviously down further? They should all be at about same level to about 1/4 turn, one way further down or up will tell a tale