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While slowly turning the engine over, clockwise, I noticed the slack in the cam chain between the sprockets would come and go. It would vary from tight as drum to extremely loose. .
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Good that are turning crank clockwize. ANd good that you have the bwringer tutorial. That tutorial sure contains more knolodge and wisdom than what I have (and what little I have came mostly from that, and a little from the FSM.).
Certainly sounds like tensioner not doing what it is suppose to.
But I dont have enough expereince to know what can casue the tensioner not to work.
Well, unless it was installed but not released (that screw.... is difficult to describe with words)... or maybe it was released but then locked back down (that screw, the screw should be loosend to release the spring tension, then the nut tightened while the screw is still out).
When have the tensioner out in your hand. You can go thru the proceedure, but dont really install it. Hold onto the plunger when release that screw, can feel the pressure ushing the plunger out, can let the plungergo out a little bit, but you cant push it back in, can let it out a little bit more, but cant push it back in. Has to do with the spring pushing agains that sloped end of the plunger.