I've read that GL-1800 valves rarely are out of spec when checked at the recommended 32,000 mile intervals. In fact, automotive engines using this very common valve train design typically call for valve clearance checks at around 100,000 miles or more. It makes me wonder if this is another case of Honda recommending unnecessarily short maintenance intervals, like 12,000 mile air filter changes.
You wondered the exact same thing I was always thinking about. Honda and their maintenance overkill.
I have seen many cars with this type of adjustment and some never had been adjusted and ran great.
The only reason I checked was I had the occasional tick that I thought was valve train and checked valve clearance and it was fine. I finally said the heck with it and rode with the noise and it finally disappeared and I have never heard it again.