Yesterday I lifted the valve cover off of my GSX550ES (86k km, 1986) and I found a valve adjuster screw missing. I found the screw itself under the camshaft, but the little locknut is still missing. I turned the bike over on its side to open the oil pan hoping it would have ended up in there. I didn't find it, but I did find another problem.

Now what the heck is that? It's some kind of lockring, and two pieces of some kind of orange piece of what I think is a plastic. Can anyone identify these bits of shrapnel?
I kind of lost confidence in this engine. Who knows what's in there that didn't make it down to the oilpan yet..
If anyone could shine any light on this, that'd be great. I'm thoroughly in doubt about whether or not I should try to fix this engine..
Regards,

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