Hi there,
Valve clearance.
I done my own 04 550fe, I removed the tank and that was it, I cut down a allen key to make things easier so you dont have to remove anything else on the top, or come in contact with the radiator as much, only inspection covers removed. The 04 didnt seem to have any visable timing marks either, so I went the screwdriver on the piston trick as well.Turned the back wheel in higher gear until piston top dead center, I just try to rock the inlet and outlet arms with my fingers to confirm they both have clearance.Dont confuse the sideways movement on the rocker with the actual clearance itself.
I found with the feeler gauge , because of the tight bend in trying to get it under and on top of the valve, it was hard to get the right clearance and time consuming. I found it saved heaps of time, just undoing the lock nut and touching the inner screw down just till you can feel slight contact then undo it 1/4 -- 1/8 of a turn , nip the nut back up , careful not to move the inner screw thread, and that was it.
My personal experience was I always checked at the 20 hour interval but found because I didnt flog the engine and kept good oil, they rarely moved after first 2 checks.
I dont check them much now only every 6 months, or if they were producing a knock or tapping noise.
The same procedure was used when I did the clearances for a mates 05 exc 450, I didnt remove any of the radiators either.
Just a guess , the clearance allows for heat expantion in the components of the engine and also allows a touch of oil in to lube on top of the valve and maybe provide a cusioning or dampening effect so that everything doesnt punch itself to peices.