Well the motor is being replaced. It was not a dropped valve, but rather a lifter which took out lots of other stuff.
Been riding the CVO King the last couple days back and forth to see about the CVO RG Ultra. Will ride the king again today. Thank God for two bikes.
Sounds exactly like my situation on 8/31/16, should be picking up the bike today. My bike however had 83,696 miles on it, all original (2009 FLTRSE3) the lifter imploded and I had to wait for engine cases for a complete rebuild under the ESP. The ESP bill is in excess of 6300. according to ESP.