I recently picked up a low mileage, 1978 GL1000. It was running when I bought it, but due to the low miles all service intervals had been neglected by the two previous owners. The first thing I went to do was install new timing belts (never done that before). I've also replaced the oil and filter, fork seals, rebuilt the front brakes, replaced the hoses, adjusted the valves, adjusted the ignition timing, changed the coolant and fixed up some wiring. I still have to replace the rear brake hose. The wheel bearings actually seem pretty good. I can't think of any other things to change so just throwing that out there.
The bike is running and starting relatively easily (it's not a one touch start, I have to hold the starter for about three seconds with the choke all the way out to get it to catch).
Now, I am terrified of these timing belts failing, and I'm not sure if the problem that I'm having - or rather, hearing - is related to them. There is a faint crackling sound coming from the right side of the engine. I'm not sure if it is the valves that are loose (though it doesn't sound like that or that the timing belts could be too loose. I am even more scared of the fact that maybe the camshafts weren't perfectly aligned and the valves are hitting the piston?



I remember reading several times on the DIY's on the timing belts that spring tight is fine, but then I saw a video showing that the belts should just be able to turn vertical. I have barely let the engine warm up as a result, and now I am posting here before I continue.
What y'all reckon? I'm posting from Seattle, so I have lots of time to figure this out while this snow storm continues - as long as it doesn't involve ordering parts!!
