maybe this'll help illustrate what bobbo84 is talking about. this is my current project, an '85 XV700 (yamaha) which has a known fatal flaw with the starter clutch. the gear dont fully engage and here's what ya wind up with....
to the left of the flywheel you'll see a bearing and the starter shaft.
all parts disassembled.
missing tooth profile on the flywheel.
bad pic, but the shiny areas on the teeth are polished from grinding the flywheel. i had to recut the profile with a dremel.
so basically, where's the missing parts of the teeth??
A: in your case, in the form of fine metalic particles washing around your bearings. dont waste time to change the oil cause the oil is already toast, and will be again until you get the starter clutch repaired.