The problem with doing the "plug chop" is if I run it at WOT (where the engine starts to cut out) it'll cut out for a while and then clear. I don't think it "cuts out" long enough to show the deposits on the spark plugs. And when it finally does clear out, I'm running 85 to 90mph... Not the best scenario when I'm concentrating on figuring the bike's engine out instead of concentrating on crazy drivers around me.
If I let the engine get good and warm, put it on the center stand, and hold the throttle wide open, it'll go up to 6k rpm to 7.5k rpm and waiver between the two. If I pull the choke, it'll crank to past redline (won't do this when I'm going down the road though) How long should I hold the engine there (7000rpm to do the plug chop)? I don't want to blow the thing up, as 7,000 rpm is pretty dang fast if you ask me.
Edit: It doesn't have the vacuum shot off. There's nowhere for a vacuum line on the head/intake at all.
I can only tell you what I think needs to be done. The engine needs to be run under load conditions as it takes more fuel to make power than when it is simply overcoming it's own internal friction on the center stand. This means a test track or a dyno, your choice. I recommend checking the main first. A quarter mile run at WOT with immediate shut down after should show plug conditions for that setting. Mark your throttle so you know what part of the carb is working. Read your plugs, and tell us what you find, or post a pic.
Drag racing is rough on clutches. You rev for RPM, Hold it, and then dump the clutch and go WOT at the same time. Lean way forward to keep the front end down.
Put a little pressure on the up shift and touch the clutch lever when you get up near red line. It should jump to the next gear without releasing WOT. In 2 and 1/2 blocks hit the kill switch and pull in the clutch, coast to a stop, pull the plugs and read them. The indication will tell you if your main jet is correct.
Before you race do a preliminary check for lean conditions that can kill your motor.
Pull ALL the plugs to make sure all carbs and cylinders are working evenly. Have you EVER looked at the plug deposits? What did you find?
Using public streets as a test track is frowned on by local police usually. But, the only viable alternative is to use a Dyno or a bona-fide test track.
It seems very strange to me that a stock bike in stock configuration and stock settings doesn't run as Honda intended. Something is not as it was when it left the factory. Plug chops or a dyno will probably tell you what aspect of the carbs to focus your attention. But, I expect you will find that something in your carbs is not set, adjusted, or properly cleaned.
Post a pic of general plug condition. But, if choke improves performance, I'm guessing your TV is too lean. Raise the needles, raise your float level or find out what crud inside the carbs is restricting the fuel flow while in TV operation.
But, I could be wrong...
Cheers,