From someone who has a quiet example I guess you would be worried if you heard something louder and more rattly. The valve tips are most likely, well they always are in my case. Here is mine after new exh valves and adjusters, PW3 cam with 011" clearances. Tappets can be heard loudest at 12-20 secs but its not a great vid.My Mk5 750 was rebuilt by the previous owner (a kiwi) with "the knowledge". It has 7000 miles since rebuilt and if you put your hands over the pipes, its quieter than a sewing machine. Barely a tick to be heard. If you have noise, you have a problem.
http://www.youtube.com/watch?feature=pl ... HqU3SIqdHM