The symptom is as follows: If I go real easy the bike will remain running. If I start riding harder and more RPMS the rear wheel locks up ...engine wont kick over for a minute. Then it frees up.
This is exactly what happens when an engine soft-seizes from the piston-to-cylinder clearances becoming too small as the engine heats up under increased load. The aluminum pistons expand more than the iron cylinder, so if the clearance is small to begin with, it gets smaller with heat, to the point of seizure. Then, after the piston cools off and contracts, the engine frees up.
An oil supply failure would happen regardless of load, and cause permanent damage to the cam and related parts: it wouldn't just free back up after a short cooling off.