The clutch will make some noise as the weights engage and disengage, and if the bushings are worn out it will be worse. I think that could be it, because I chased this same thing around on my 600 and I was scared it was spark knocking as it only did it under light load, after experimenting with spark plugs and fuel addictives to find nothing changed it, I tore my primary apart, inspected and replaced the bushings and put it back together. It was still there but not nearly as loudly as it was, so I knew that was it.