its funny my buell is making the same exact sound.
thought it was the oil pump or clogged line.
i screened the oil, checked the oil filter no shavings.
i did compression test, its most likly bad/worn out crank and rods.
havnt got around to tear it apart, but after 80k plus drivin like i stole it every time i rode it lol who knows hahaha
( to be honest im surprised it lasted that long)