I was able to get some stuff apart today and check up on the clutch shiftiness. Â I also wanted to take a look at the oil breather valve and confirm that I indeed had a disc and not the new reed valve. Â Confirmed. Â It might be that that's what's making this intermittent lower-depths-sounding burpee gobble noise. Â I read somewhere down the line that if you unscrew the dipstick while the engine is running and the noise disappears, its probably the rear main seal - yet I don't know how you could deduce that considering air pressure in the crankcase affects both the RMS and the oil breather valve. Â But anyway, the noise doesn't go away. Â Maybe it's the valve. Â I guess I still can't post pics, but i've got a couple.
The clutch squeal ended up being the throwout bearing. Â Cleaned and re-installed and no more noise. Â

Thanks monte for reminding me about the clutch--- I had forgotten about that adjustment screw on the lever arm. Â Didn't quite have the time to do the spline lube, but its for sure in the near future. (I'll still consider that a three-fer cause I get to service the swing arm bearings) Â
Turns out my air filter was slightly damp with oil all over...this may sound like a silly question but the filter itself says 'oil type', so is this normal for the filter? Â Or is it just old and impregnated with oil vapor and needs replacing? Â
Also is there a good reference on setting the gap and timing for an R65? Â Perhaps one with pictures? Â