Jerry, the elevation here is 4500', close to the same as Bonneville, but that's what the correction factor is for: in this case it was 1.16x the measured hp to read what it would be at sea level. The major factor is the barometric pressure, which was about 25.5"/hg, compared to about 29" at sea level. 2"/hg is around 1 PSI, so you would have to "boost" a motor almost 2 PSI to achieve sea level performance here. When Dennis left here yesterday afternoon, they were heading back to Idaho.
I had remarked to Dennis that I'd seen a rather similar lumpy-bumpy curve before with a lean condition, and found it today. IIRC, I had swapped in a set of 32mm chokes in place of the 30mm the Webers had been tuned for? The first chart shows the previous run with the proper jetting and the next run with the lean jetting; notice the HP difference. The second chart shows my lean jetting superimposed with the CBR; notice the similarities in the bumpiness and AFR above 7000 RPM.