Dear SearchGuru...
I've got the Clymer Service manual and I've read the procedure over and over.
I'm glad you think an estimate of 12 hour is too much, I've got a second estimate a 6-7 hours today, which makes more sense to me. The model I have (CM400 1980) is splitting on the bottom, so sides do not even need to be removed. The balancer tensionner assembly is directly accessible once the case is split.
As for my second question, I still don't feel like removing the engine head, but I may if I have to, because I need to remove the camshaft to change the timing chain. Once Camshaft rockers are removed, there is nothing left to hold the engine together. If I am working in a clean environment an properly idenfity R an L side parts, I should be OK. I know pistons and rings are fine, I want to keep it that way.
As it is explained in the service manual, the balancer chain must be changed once the wear indicator tells you to. They explain engine vibrations at high RPM are increasing because the balancer are getting out of sync once the chain is stretched beyond the wear indicator mark. If I try adjusting the tension further, chain noise may stop, but engine vibration will get much worse, as chances of snapping the worn chain into a running engine... I cannot take such chance, now that compression is restored to specs, engine head is back like new and it is not burning a drop of oil anymore.
Your little story on a similar twin is boosting my confidence and it tells me I can probably do it within a day or two. My main concern is to open and find other damaged parts I must replace and wait for. I've already purchased the rare parts that must be replaced no matter what (such as chains, gliders, new connecting rod bolts). Once the case is split, I will be able to tell and I already located vendors that carry all extra parts I may need, shipped within two weeks to Canada.
To avoir part backorder delays and to risk breaking my engine before I can fix it at the end of season (I'm riding 12,000km/year), I'm planning to buy and install a spare engine and swap it whenever necessary for major repairs. I know, I will wear them both eventually !!! I'm targeting CM450 or CB450 engines which have an automatic balancer chain instead of CM400 which requires to remove the side cover every second manual adjustment.
You see, I've got my plan, but thanks to you and a comple of buddies I will dare to take my engine apart... knowing I've got a spare one too !
Thanks again
Sono