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Looks like a valve stem keeper. There may be a valve being held by only one. Easy to check. I would check those first thing.kk
I'm not an expert on the V50, but it looks like a piece of camshaft to me.It looks too big to be something from the top end that could make it all the way down to the sump.The polished part looks like a wear item, and is roughly the right shape and size for part ofthe camshaft. It doesn't look like part of a lifter. No way to tell if it's from a previous blowup, or an imminent catastrophe without having a lookat the valve train I don't think. -Stretch
Thanks for all the replies! a friend and I spent some time looking at the broken part and comparing it with anything that could drop into the sump, we excluded parts of the heads. Our conclusion is that it was part of a cam follower- lifter for you guys so stripped heads and barrels and with mirror and torch (not welding ) flashlight that is! checked all followers and pleased to report all present and correct Our conclusion is that it was from a previous episode as it was obvious the engine had been apart not long ago as very little carbon build up on heads and pistons added to which, some monkey has reassembled it without washers under two of the outer head nuts and copious amounts of gasket sealer.The bike was running fine but I decided to remove the sump and clean the gauze strainer prior to an oil change.Safe Guzziing guys.
Good news, but it is a bit troubling that whoever did the work to repair the broken lifter/follower did not drop the sump in the process. I'm assuming they did a new cam, but you know what they say about those who assume