nail head hit!
From the factory perspective, all concerns are addressed by stating that adjustment be done on a cool 70* engine. I still adjust after the bike has set overnight. I'm curious nonetheless at what temperatures the expansion/contraction really mean something.
Well, off the top of my head, I can remember that the thermal coefficient for most steel alloys is right around .000006" per degree Fahrenheit per linear inch, and that the thermal coefficient for most aluminum alloys is approximately twice that at .000012" per degree Fahrenheit per linear inch.
To answer the question at what temperature does the whole expansion/contraction thing makes meaningful difference? I suppose that depends how accurate your instruments are. but if you run the math plus or minus 20 degrees (F.) the change in relationship in the parts is about .00048".
I am not going to sweat checking the valves on a cool 50 degree morning or a hot 90 degree afternoon so long as the bike has been off for at least 8 hours prior.
Skippy