Opened up the top end again, checked timing, checked valve clearances, everything was good.
Accidentally squeezed the clutch while holding onto the bike and heard the mechanism pop. Exercised the clutch a couple of times, lots of popping sound coming from the clutch basket.
Put it all together and fired it up. Stupid clutch was sticking/slopping. Pulled the clutch a couple of times and the noise went away.
Still smoking quite a bit, but it's cold, humid, and it hasn't been run through its paces yet. Going to do some laps of the neighborhood with it tomorrow, fine tune the idle mix, and then go rev it out and see if I can blow all the crud out of the engine.
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