Try starting it up with the chain off. Put it in gear and run it through the gears. That should tell you if the noise is in the motor. Roll the trike down a hill with the chain off, that would tell you if the noise is in the rear end. If both of those are quiet, then it has to be the chain.
Check the allighment of the sprockets. You had the whole trike apart, You might have to loosten up the motor and wiggle it until the drive sprocket is alligned with the rear sprocket.
ATCnut
82 185s - sold
83 200x (hopped up)
84 200x (stock)
84 70 (lost this one to the DMV)
85 70 (soon to have lights, a foot brake, and CDI ignition)
84 200es (parts trike) - sold
85 350X (the best)
85 350X (siezed motor, dream of a poweroll kit someday)
85 250sx (frame was trash, got parted out)
86 250sx (the tractor)
86 250sx (a nicer tractor)
86 250sx (an even nicer tractor)
87 200x (parts trike, its really rough, a dog was chewing on it for a while)
87 250es Big Red (the tank!!)