I've only put ~ 3k miles on this bike since I bought it and I'm still getting used to all the little noises and quirks of the Valkyrie. I'm hoping that what I'm hearing isn't a rare occurence. Hopefully what I'm hearing is normal and nothing to worry about.
I wouldn't worry about it especially in light of all the things you checked to be Ok.
I have the same and it's more noticeable at lower motor speed in the upper gears.
The same for being in first and letting off the throttle while pulling in the clutch.
A lot of the play can be attributed to the transmission and the multi-path of the power transfer, but I don't subscribe to there being a set logic depending on which end of the shift range the transmission is in.
I do agree however there is a better feeling of the slap in the drive train when in top gear with the motor off sitting on the bike and moving it back and forth. This is more accentuated I feel because it is easier to turn the motor in top gear (with the rear wheel) than when in first gear, so a lot of the additional movement (you may call slap) is actually the motor turning a bit!
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