Yes and no ... remember the camshaft turns 1 rotation to your crankshaft 2 ... that means even if you are on TDC (showing in the peephole when the crank sensor is removed) you still could be 180º off on the cam. I will try to fabricate a small animation on Friday (as soon as I have time) that will show that much clearer.
If you are on your TDC and your valves appear to have no play at all ... it is safe to say that you need 1 more 360º rotation of your crankshaft.
And you will have to repeat that procedure for the other side.
The easiest way of figuring out where you are is this:
More often than not your engine will stop at the compression point of one of the cylinders, but you never know which one. So, take your sparkplugs out (one on each side is enough), put the bike into 6th gear and start rotation your rear wheel in traveling direction. Watch the valves while you are doing the rotating ... the when you see the exhaust valves opening (pushing it down) ... the valves towards the front of the bike ... keep turning and watch it close, immediately after that the intake valves should start opening (that crossover point is also TDC .. but not the one you are looking for) ... valves toward the rear of the bike ... watch it close ... now you should be @ 1/2 rotation away from the TDC you are looking for ... this is the time I use the scewer/dowel and watch it come out when I continue to turn the wheel, when it stops moving you are very close and you will have to use the peephole to get exact. The valves now should be 'loose' there you go ... repeat that procedure for the other side!! ... there are shortcuts to this ... but I don't recommend them ... I hope this helps.
Oh and please turn it only in the direction of travel ... some engines are sensitive and don't take it kindly being rotated the other way round, if you over shoot ... just keep turning and come back around ... I am not sure how sensitive these engines are ... but better safe than sorry IMO
