I'm still new so please be gentle.. now, where to begin...
So I've recently purchased a lovely second hand bike of TM that had only done about 3500km. All was good and about 1000km down the road I noticed the chain was really slack. So I tightened it to spec, checked the wheel alignment, and washed it. After a day or too I noticed it had an odd "whimm whimm whimm.." noise at high speed, especially audible during engine braking or while the clutch was pulled in. Suggestions from Google were either the speedo seal or the chain was too tight. So I loosened the chain a little (still within spec) and the noise has quietened down quite a bit, but is still there. Fast forward a week or two and I notice there's some gunk on the inside of the fairing that looks like it's dripped down from above. A finger through it and sure enough it's a very thick globby mixture of some sort of oil (with some other dirt(?) mixed in). Following it up and taking the cover off the front sprocket area I find heaps more of it all around the side of the casing and by the sprocket (more towards the front of the casing rather than underneath the sprocket, so I'm not convinced it's coming from behind the sprocket). Is this just flicked off chain grease? Is it normal to have a huge build-up in there??
So I cleaned that off and then noticed that the chain seemed really slack again. This time I had rollers so I put the bike on those and checked the chain slack a few times, rolling the wheels a little bit each time. I noticed it was really loose most of the time and relatively tight for only a small bit. The manual says it should be between 2-3cm. At the tightest point it's about 2.5cm and for most of the rest of the chain it's around 4cm. I then noticed that it happens in alignment with the wheel, not at the same point in the chain. So I figure my chain is fine but there's something wrong somewhere else...
I'm pretty sure the wheels are aligned - I used the string method and it's only about 2-3mm difference at the front wheel (it rides nice and straight when I let go of the handlebars).
The rear sprocket isn't warped (I used a dial gauge and it's only about 0.2mm variation in total). I fixed a pencil to the swingarm by the sprocket and rotated the wheel - the tips of the teeth of the sprockets seem to meet at pretty much the same place (so the sprocket seems to be a good circle). The teeth are in good nick on both sprockets.
The engine sprocket seems to be centred nicely too (no bent countershaft as far as I can tell).
The wheel doesn't seem to make any noise when I'm rolling it at slow speed and doesn't jiggle on the sidestand/rollers.
I'm guessing that the chain might be what's making the noise as it hits the guide but I can't figure out why it varies in slackness so much. I've looked after the chain well since I've got it with regular oiling/cleaning (I think the last owner did too). Also, I ride like a nana so it definitely has not been abused (no wheelies here).
What else should I look at - have I missed something? Could it be something to do with the cush drive? What do you think the problem is?
I think the warranty runs out next month but the shop is about 4 hours drive away so I'd rather not have to take it in.
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