i said it earlier, match porting the intake and exhaust flanges will give you a big increase in performance. or at least, in drive-ability.
i've matched transfer ports, and cleaned up burrs on engines, but i haven't gone as far as trimming piston skirts, or other internal mods. i'm not afraid to, i just haven't had to. there's simple mods you can do, and you don't even have to finesse it with special tools. i mean, i use a dewalt cordless drill and some grinder bits for everything. i don't even trace out the amount of meat i have to grind off an intake anymore, i just go at it with the drill.
like DTG said, these ain't RC motors with high tolerances. they're 1900's technology, stolen by the russians, then copied by the chinese. it's an (at least) 3rd bastardized generation stump puller motor. and it's cheap. don't be afraid to experiment with it.
i build, ride, and race, the fastest 2 stroke china dolls around right now, and it really ain't that easy to make it go fast, last a long time, and exceed all your expectations.
and, for the record, the only major mods on my race bike is reversing the jug, so the carb's in front and the exhaust is out back,, then matching the ports, and "blueprinting" it all. i still have the NT carb and the stock exhaust. yeah, i tweaked everything a bit, but i lapped everyone at the deathrace with their shift kits, expansion chambers, etc...
and i'm just getting started. wait till the willow springs race...