Certainly worth trying to look through the lube fill hole, put the bike into first or second and take a peek.
I doubt you'll see anything as the dog sits in the line of sight certainly when in neutral so it'll be difficult to see the gears.
+1 on the noise, my Sporti has straight cut gears and at times they can be noisier than the engine (and yes that's with one with nothing wrong with it)
Guzziology perhaps?