Hard to know what happened to your oil. Usually, if it breaks down, the engine slows down as the pistons start to seize.
I speculate that you carbs were getting pretty hot, effecting the mixture, as well as dimensional stability. If your idle screw stopped having effect to bring the idle down, then you have the dreaded "I skewed all the individual slide adjusters during carb sync so the slides don't reach the bottom of travel syndrome". Drill bits as sync tools are evil for your carb style, and sets the stage for other problems.
No air flow IS the bane of air cooled motors. And, when the oil is over temped above it's withstand, it is damaged (sometimes turns to tar).
Best to change it. It won't matter what viscosity it is, if it becomes over temped, it's damaged and needs replacement.
It is precisely because of unforseen situations as you've encountered, that I like to have a synthetic blend in the oil supply, as synthetic has a higher breakdown withstand to save the engine bits. Still have to change it after an overtemp occurance, but at least it's just oil to change and not pistons/and rings.
If you expect to see routine high temps, full synthetic may be your only hope to save both engine and clutch. Or, install an electric fan on the bike to push replacement air over the fins while at a standstill.
If your clutch now drags and makes the gears clunk going from neutral, the oil is probably bad, I don't care how many miles are on it or how old it is. You can cook brand new oil and make it bad in less than an hour.
Cheers,