Noticed a similare (same?) sound from my left Sibenrock overhauled head... it seems to be the re-welded exhaust threads that is the culprit in my case... Siebenrock had failed -utterly- to weld the aluminum and re-thread it propperly (I simply did not have time to deal with it so I installed the "faulty" head anyway).
The headgasket is said to produce a twittering sound. A hissing sound is more likely to be a leakage from the exhaust system (back-pressure). Check the connection between the down-tubes and the muffler/silencer also - they do tend to leak there and that does also create a hissing sound.
When the valveguides are -worn- you may also get a hissing sound; when you look at the inside of the covers (which should thus not be pained on the inside...) it should be just a clean oily surface; if light brown it could be ok, but if darker brown or black - that sides valve guide is leaking.
What should not cause a hissing sound is a loose stub. Detach the carbs and check that the stubs are seated firmly in the heads - just incase... The stubs have a tendency to got loose, and thus causing air-leakage (too lean mixture) which cause too hot engine running, causing augmented wear of the guides and risk to loose valves (valvestem braking/separation).
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Drive Safely,
Albert
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