I have to be up in 5th gear by the time I hit 50 mph, which seems like a lower speed than when i first got the carbs tuned up & had it screaming down the interstate.
Does that mean the motor is revving out but you haven't gained speed, or that the engine won't rev fast enough to go faster than 50?
If it's over revving but not accelerating it will be the clutch slipping, either needs adjusting, or it's worn, or friction modifiers in oil.
You can get away with putting spacers under the clutch springs to try to get a bit more "squeeze" into it, for a little while, until you run out of adjustment, but replacing the plates is the way to go.
Mine got knocked over three days after I re-registered it, broke the hi beam filament in the headlight bulb and pushed the handlebars about 2 inches sideways through the clamps, nothing else. It's a tough old thing. But it does wear case savers, I put my feet up on them when I'm going past the nice new Harley dealer on the main street.
Lots of new harleys in Cairns, not too many CBs.