Flapper valve:
This is what Honda says in the Gen 5 Workshop Manual under Technical Features page 21-25. They call it the variable Air Intake System:
'OUTLINE
The intake area and the intake duct length are changed according to the engine revolution speed by opening/closing the variable intake duct, thereby contributing to upgrade the engine output.
From low speeds to medium speeds the intake is controlled by closing the variable intake duct to reduce the intake area thereby realizing high efficiency intake through upgraded inertial effect and pulsation effect of the intake air, and contributing to upgrade the low- and medium-speed output.
From medium speeds to high speeds the intake duct is opened to supply large volume of air to the engine, thereby contributing to the high revolution speed and power output of the engine.'
Next page shows the schematic of the components and explains that below the threshold rpm the flapper is closed, above it it is open.
It is generally believed on this forum that it is simply a noise abatement device. I am under the impression that it is thought that the flapper only closes at the noise measurement rpm range & that it is open below that - different to what Honda say (am I right?). I have removed the flapper & the snorkel but have not got the bike back on the road. I expect to replace the snorkel once I have tried it but possibly cut the inside away.
Honda's reference to 'upgraded inertial effect and pulsation effect' is Hermholz. The snorkel is thus the Heremholz duct as that is what is in operation at low speed when the flapper is closed. That would slightly raise the airbox pressure over a very resticted rpm range as Hermholz is to do with wave lengths matching duct lengths.