Bare - it's a "magneto removing tool to remove rotor assembly". Page 05-16 efi workshop manual.
Scott - thanks for the link, some interesting info.
I tried the screwdriver listening technique back when this all started, and several ltimes since, but I just can't get a definite location - just the usual collection of rumbles & whirs. Now that the ticking is also present from cold, I tried just listening with my ear right up close to the engine, and I'd say the sound is loudest from the black painted cylinder area, and not from the rocker covers as I previously thought. I can't get that actual ticking to come through the "stethoscope" though.
No, no spec given for lash adjustment. Shims I think