Great info guys. Seems like I need new points - again, as the stator is all the way retarded and I have dremmeled the holes.
I have used a timing light to verify the 1.3 mm BTC setting.
I am currently using a Polini flat reed intake and its running too hot.
Want to put the Malossi back on. It ran cooler before with that, but had the 44mph problem I talked about.
I'll get the Malossi set up, check reed clearance, get new points and the timing down where it should be.
May try some thinner reed material on one side for the heck of it.