Gentlemen, all very good and valuable comments. The person I got the bike from told me his kid had taken it out on a long afternoon ride and when he brought it back, the kid said he couldn’t get it to go very fast and it didn’t run well.
I’ve personally ridden it about 15 miles, seemed to run pretty good, actually, but a bit “rattlely” or noisier that it should be. When I dumped the oil, I found the metal bits. And found the metal flakes in the oil filter. I did a compression test and that turned out well. (I did record the values, but don’t have those numbers at hand right now). I checked the cam chain tension adjustment and it was right on. Then, check valve clearances, a couple were a bit tight, I set them all according to the manual. But what I could see regarding tappers, etc, looked ok.
But, I’m thinking, due to metal pieces and particles I’ll have to tear the engine down, find what broke and clean everything out. Below are pics of the metal bits found on magnetic drain plug, and oil filter.
Thanks for your ideas.