Well, both points are valid. There will always be a very slight bit of movement due to sideways piston slop against the cylinder. You will know if there is a big problem, you will feel definite movement and hear a clunk. Don’t know if I would pull the exhaust cover though, that is a messy job that usually involves broken fasteners.
Sloppy wrist pins are usually pretty evident when running the engine also…You will hear the clunking at dead idle, will probably dissipate when the throttle is advanced a bit…