First off, there is no such thing as camshaft bearings on these engines, nor can they become loose and are not adjustable (bring it up in a different topic). OP, I'm thinking more along the lines of the cam chain tensioner not doing its job, when the motor is under load (acceleration) the cam chain is pulled under tension making it tight and when you let go of the throttle the chain relaxes and can slap inside the engine/chain guides. However, your drive chain will do the same thing and if its loose enough it will slap and hit the chain guard. Verify if the sound is from the engine .