After the 1972 JDM CB500 valve debacle, I went back to work on my '74 550 today; got the electronic ignition dialed in, the bike starts right up (yay!), idles great, etc. but the cam chain is (to me) rattling more than it should. I have not replaced the cam chain (yes, I probably should have when I rebuilt the engine), but I'm wondering how much rattle is too much? It rattles less when I turn the screw to the left, and more when I turn it to the right (I assume that loosens it), but is there a sweet spot in the adjustment? I'm following a Clymers manual, which says to set the points at 15 degrees after TDC and simply loosen the nut and the cam chain will tension itself - and I did that - that's where I have it set right now - but you can still hear it. And I'm not sure how much is too much, if at all.
I've been reading up on it and the procedure in the forum, but like oil, it seems everybody has a different opinion. Is some cam chain rattle normal, and more importantly, what effect will this have on the engine leaving it as-is, tightening it up, or loosening it - although I'm pretty sure you don't want to loosen it and risk engine damage...also, any comments on doing it with the engine running, or not...?