I shoot for close to max. tolerance when setting the valves on anything (except shim over bucket types). It allows more time for heat to dissipate from the valve to the head and more importantly more time and space for oil to get onto the lobe and whatever it's riding against to activate the valve, so yes, if you don't have at least .001" more than min. on the intake and .002" more than min. on the exhaust side I would reset them. Shimmed valves, specifically shim over bucket types are dangerous if they are set too loose when used with high lift cams.
If anyone trys to tell you that you'll get more horse power by running your valve tolerances tighter ask them how much more
I think (been a while) that the movement of the pin on the Yamaha cam chain is determined by your finger.
Does it have the stock seat? That thing looks to be in great shape! Make sure BOTH your oil filters are clean! A lack of oil could cause that tick too.
Your shifter looks very low, you may want to adjust it or it could get bent on rocks or brush.
Nice Canadian edition reflectors up front, too bad the rears are missing.
Oh, its an 83 trike, not an 82. The sticker on the steering head likely has a manufactured date of 1982 (mine was made in August 1982) Only the 125 and 175 were 82 models.