The FZ8 engine is one of the noisiest I4s I think I've ever heard, at least at idle. I posted a question regarding an overall "racket" from the starter/clutch/trans area here:
http://www.779cc.org/forum/fz8-technical/4852-racket-clutch-trans-idle.html
but it's decidedly not a "tick". It's more like a rock crusher full of nuts and bolts. Apparently
that noise is normal.
A periodic "tick"
might be compression/combustion pressure leaking past, say, a loose spark plug or it
might be an exhaust pulse leaking past a loose exhaust pipe flange or bad gasket or it
might be something mechanical like an excessively loose valve clearance. Or, given how noisy these engines seem to be overall, it
might be completely normal.
With just 500 miles I'd be surprised if anything was actually wrong. Is your oil level okay? Try verifying all of the spark plugs are tight. Try verifying that the exhaust flange nuts are all cinched down.
Host your vid on Youtube (it takes a minute to create an account; indeed, it will take longer to upload a video than it will to create an account there) and post a link.