Sounds like ticking valve or exhaust leak. Noise is most noticeable when idle og or throttle is applied. When letting of throttle and engine braking noise goes away.
For this gen1 build I am using gen1 intake cam and gen3 exhaust cam to get strong mid rpm power and decent top end power. I swapped crank to gen2 for more stroke. Before the swap bike made 185hp SAE with same cam setup