Yes! Hooray! F%$* Right!
Not a moped. Who F(#@ing cares?
The paintjob looks sick. Yes, I know you didn't do anything to it except add a black engine, but it looks sick - this color is the same one Jawa used on many of their 2 stroke street bikes (which couldn't go quite as fast as you will).
Continue to be scared. I can't see any reason to stop being scared of this machine. I'm scared of it from here.
I think that you should purchase a front wheel intended for a Honda cub, or Honda Nighthawk 250. The final wheel size is really similar (maybe a big bigger), but the brake drums are much bigger.
The mounts will be different, but you've been down that road already...