You measure slack at tightest point, not loosest, if you do that then that's where you'd deffo wear the chain/wear teeth out or even bend the drive shaft or stop the full suspension movement if it's super tight, slack's there to take account of suspension movement, I thought about 20-30mm was a fair loose-ness but look at the manual, that'll tell you as it varies by swing-arm length, the longer the arm the more slack you'll have, 15mm difference twixt tight and loose isn't a massive amount tho' is it. Has anyone heard of a modern chain snapping? They're immensely strong and it's endless isn't it so's a swing-arm out job. In the old days some people would take a link out of a worn chain to make it shorter so's it'd be back in the adjustment zone!! Bear in mind most bikes wouldn't worry the skin off a rice pudding back then tho'
BTW chains don't
stretch, they wear, metal doesn't elongate, least-ways not at the temperature a bike chain runs at, it's the bearing surfaces inside the links being ground away creating a tolerance which lubing counteracts and water makes worse where it transports all that road dirt into the bearing, on a long wet and mucky run the chain can be worn quite a bit as richfzs says, going to Assen - probably rained like beggery!! On an o ring chain the lube's in there for life and the water's kept out until the o ring fails which is probably where modern chains get such differences in wear pattern where some o rings last better than others.
You can check how worn a chain is by getting the most worn part on the rear sprocket, keeping it taught by pushing the bottom run up and seeing how far off the rear sprocket the link at the rearmost part of the sprocket will pull off, a new chain shouldn't move much if at all, a bit of movement is ok but if it can be pulled clear of the teeth then it'd be best not to ride it far as that might happen when you're on the move......
Cush drive rubbers wear too and they create lots of clunkiness, I'd have a butchers' at that while the wheel's adrift.
Best idea is a rental bike, ahh just been suggested, try an FZ1s, they've got a bit of shunt and not too shabby through the twisty bits