Hydraulic valves should have zero lash, and be very quiet. My Kawasaki Vulcan 750 has hydraulic lifters, and is liquid cooled. The engine is very quiet. A bit too quiet for me. An engine is a machine, and IMO machines are supposed to make noise. My RE is a noisy bike, both mechanically and exhaust wise, even with the stock exhaust. I was actually surprised that the stock EPA exhaust was as loud as it is. The engine also makes the appropriate noises. These noises come not only from moving parts, but from vibration. Being a long stroke single, it shakes (something else I think a motorcycle should do) It is also a rigidly mounted engine used as a stressed member. This causes the whole bike to resonate. Overall I find both the sound and feel quite pleasing. If you have been riding Japanese bikes, the RE is completely different, and IMO, in a good way. But, if you are concerned that there may be a problem, I would actually take it back to the dealer and let them listen to it. Noise from an Enfield is normal, unfortunately so are problems.