I ended up selling this bike to my friend. He fiddled with it while he was healing from his moto accident and got it running, but tuning the carbs was being a PITA, so he installed some flat slides.
On the dyno, it made 86 RWHP and 45 lb/ft TQ. He said, in his experience, on his dyno, that's well over 95 HP at the crank. He believes there's more in it with some more jetting changes. He's also upgraded the ignition since then. He said the slotted timing adjuster made a difference in the mid-range.
He also commented that the suspension is really dialed in, which means a lot since my dad and I did it all at home with string and a plumb-bob. I always thought the swingarm was too long, but he says it's the same wheelbase as many Ducatis he works on. He also said it lifts the front wheel easily in 1st and 2nd gear!
I made him promise to give me first refusal if he decides to sell it.