Interesting thread. I've just experienced the same thing with my air/oil cooled Intruder 1400.
Just recently I've noticed a lifter-like chatter at low rpm's following 3rd gear 40-50 mph mountain climbing in moderately warm (80F+) temperatures. After a few moments of easy riding, the sound will go away. The only thing that's changed (about 3000 miles ago) is the type of filter that I'm using. It's a Napa 1359 which has the relief valve at the threaded end of the filter (which I consider superior) rather than the bottom end like most other filters have. In the past I've used Fram, STP, and EMGO filters with nothing to give me cause to worry.
However, since this is a new sound and the only thing that's changed is type of filter, I just pulled the Napa filter off and put a Fram filter (only one readily available) on to see if this makes a difference under like conditions. If it does, I'll be going back to EMGO filters.
Other related information: Oil used for the last 30K miles is Pennzoil SAE-40. Current oil has 3K miles on it. Lost about 1/2-quart (some dribble plus filter contents) during the change, and made that up to bring the level back to the full mark.
I'll let all know what I find out, but would be interested if anyone has any insight into this.
Regards, Gary in Sandy Eggo
Update: OK, it wasn't the filter. Did another ride today, and while the sound wasn't quite as pronounced, it's still there.
It seems to be rpm dependent. That is, if the engine's in 3rd gear while running 50 mph or higher and under load (climbing), after about a minute I'll start to hear a chattering like a valve lifter(s) has partially collapsed. Then, if the engine slows down, or I go to an idle, there's a pronounced lifter tapping for about half a minute, then it goes quiet.
I've now drained the oil and put in a 10W-40 which I'll use for the next 1500 miles until I reach the 5000 mile OCI. This'll tell me if there was something wrong with the oil.
Anyone got any thoughts?