don, if the whole unit is a RC piece, they probably optimized it for performance. but in what rpm range, for what kind of torque curve? i wish we knew these things. (anyone? russ?)
is there a bolt in the megaphone, whereby you could remove its guts? some combination of cleaning, removing, or replacing what you find may be your ticket.
of course, how matched it is to your jetting is a whole nother thing to be thinking about.....
as far as the valves, too lean for too long would theoretically risk valve burnage, and less restriction may well lean you out. just keep an eye on your plugs, i would say.....