
I was delighted and relieved when I found out what the cause was, but a little annoyed with myself I hadn't thought about this sooner.
The culprit was down to the standard rear CCT spring starting to lose it's tension. This meant the Stopper Rod I fitted had no clearance at either end of it meaning both ends were touching the CCT corresponding components when the bike was on the overrun. In that state the Rod gave a solid stop for the cam chain to bang up against, had the Rod not been there this noise would not have appeared, the CCT plunger would have most likely retracted further.
As some of you will know the pressure placed on the CCT by the cam chain is not a constant force, it varies. I'm assuming this is due to the fact more tension is placed on the CCT side of the VTR cam chain when it has to open the valves, and less tension when it's not operating the valves in each cycle. This creates a sound just like a hammering effect on the CCT. The reason I have come to that conclusion is when I had a CCT spring fail with my Stopper Mod fitted (some of you may remember that), the noise it made was at the same timing as in my Odd Noise recording although most definitely much much louder and happening as soon as the engine was started, that was why I didn't connect the two sooner.
I modified a standard CCT into a manual CCT just to see if my theory was correct. I was more interested in seeing if this was the problem first. I got that fitted yesterday and finished putting the bike back together today, then road tested it.
So we got there in the end.
I'm very happy I didn't have to take the engine out and start stripping that down.
Many thanks to all who contributed in helping me to sort this issue out (you all know who you are

Chris.