OK - lots of stuff going on here. Poping on deacceleration. You have the idle mixture set too lean. Open the idle mixture slightly (1/8 turn) and try it again. If you have the Colortune plug set the idle mixture on the rich end of the blue range on each cylinder. The colortune plug alows you to see the flame inside the cylinder!!!
As for valve clearences opening up...have you torqued the heads. I would do this once and then not do it again. Repeated torquing of the heads will result in a pulled engine stud (usually the upper aft one where the oil comes out of the case on its way to the cylinder head.)
Other noises: Sometime the valves are still noisy even when properly set to .004 in and .008 exhaust. The trick is to make sure the end float on the valve lifter is about .002". This requires three arms as you will need to retorque the four bolts holding the valve lifter while squeezing gently the two posts on the end of the valve lifter to tighten up the end float. A really big set of plyers is required for this.
When you put in the timing chain parts did you have the fixed block on the left defleting the timing chain 1mm? This seems to be secret information.
Other sources of clatter can be the solid lifters between the camshaft and the pushrods getting worn/beaten.
Another source is a thonking sound when the small end bearings get worn and out of round on the connecting rod. This is usually apparent at idle but goes away above idle.
Then there is piston slap (which I have never heard) which doesn't go away above idle. (I think).
And of course there is timing and carb balance. You do have those set properly right?
One last thing: pull off the cylindercover. There should be oil -- not a lot but everything should be wet. If it is dry then a DPO might have re-assembled the cylinder with sealer on the base gasket (bad) and sealed off the oil pathway from the case to the cylinder head around the upper studs.
Good luck and let us know how it goes. Some one else will now chime in with more intelligent answers...
One other possible solution is to get an iPod Nano and a set Etymotic ER-6i earbuds and turn the music up...
