Well just got the bike back the verdict is excessive carbon due to bad rings. They replaced the rings cleaned carbon and honed the cylinders all is good so far.
Chuck
Chuck I hate it when somebody second guesses my work especially never having seen the problem in person...that being stated here is my .02 worth...I have seen several bikes with this concern and thru a process similar to what appears to have happened here, and with full blessings of the MOCO, replaced way to many parts. We stumbled upon this ... we had 2 bikes apart and noticed the compensator bolt from one had what appeared to be marks from it being bottomed out and it was longer than the other. went to the parts counter got a third bolt and we had three different length bolts...seemed insignificant enough but 1-2 threads difference. used the shortest and the noise was gone. We have since done several and now make sure the bolt is not bottomed out and we are getting no repeat concerns with the "normal they all do it" but should NOT noise. My thought is that it is just a case of too sloppy tolerances all adding up.