Yes, you are. I don't adjust the valves like that. People say to do it that way, but, as you see, it's off.
Bump the engine, or turn it, consentrate on one cylinder at a time. In other words, take each cylinder as the only one there. That leaves you with one intake, and one exhaust valve to deal with.
Turn the engine and watch the valve movement. Exhaust valve opens and then closes. Intake valve opens and then closes, STOP. That's when you adjust the intake AND exhaust for that cylinder. Then, you do the next cylinder to that one, and so on. Now, you will get them right.

Hey that's looking Great !
Stude M5 build