Engine Tapping From Cold??

[VNSVLE]

I have been told that the cam chain adjuster is hydraulic instead of the old ratchet system and will continually adjust accordingly and this is what causes that rattle at start up. The 1000 has the same set up and is just as noisy.
Correct me if i am wrong because i have the same noise and this is what the dealer told me. I haven't really looked much into it myself.