Interesting that you went 128 on your first effort...........I think the fastest a 750 sohc has gone on the salt is 129.
If you are thinking of running your Rickman on the track, maybe a run around the Road America track in the AHRMA series would be fun?!
In the Modified frame category you have to keep the seat pan at or above the level of the rear rim. In the A (Spectial Construction) class you can sit anywhere. If you remove the lump from the left crankcase, the motor starts to get more slippery in the air..........if you build the frame to tilt the motor like a modern BMW, the tranny will have less oil drag and the whole bike could have a lower profile. OK, enough from me with a low budget...........its your build.
I have a few friends in the Cities, and another near International Falls..........all have one or more CB750s.