You say that one BOLT went up a turn without resistance---do you mean a NUT, or, was the stud that holds the rocker cover in place loose? I ask because the stud that holds the rocker-cover in place also retains the rocker-shaft. On early 500s, it was not unknown for those studs to come loose, which will affect the valve settings and general running of the engine. I have come too this problem a number of times. If the stud IS loose, check the thread in the head for damage---if it is damaged, you will need to repair it. One method for that repair (and I have used it successfully every time) is to use a "self-tapping steel insert" as sold by "MEMFAST".These are almost identical to the inserts that used to be recommended(and supplied) by Abarth. You will have to think a bit as to what washers you use to make the insert fit flush, but that is not a difficult problem.
If the stud has stayed tight, I would suggest that you fit a"rubberoid" gasket and NOT the cork version. Before you refit the rocker-cover, check that it hasn't been "bowed in"---if it has, try to knock the bow out as the little strengthening braces inside the rocker-cover might make contact with the rockers.When refitting the rocker cover,there should be a flat washer and a fibre washer under the securing nut--a 'ny-loc' nut. As "bugsymike" has suggested, tighten the nut until there is "close contact", and then nip it up another 1/2 turn