Your jet is too small!!
When I solder my jets, I make it as big as possible (with very little 'sputtery feel')
Another good way to feel it is when the engine feels a little sputtery but the sputter goes away as soon as you start going up a hill... That's when you know you're one size too big on the jet.
Jet was definitely too small for me, but I also have the needle at the 'halfway' setting.. Wouldn't have messed with the jet size if the thing wasn't running ridiculously rich even with the needle at the leanest setting. Less than 10 hours and the piston had blow-by, bogged at anything over about 12mph, and had absolutely no power.. Can't let it suffer under those conditions... And that's no fun to ride, either.
Took it for a few rides today. Have a nice little consistent hill incline on the end of my road. Clutched down, did my u-turn, then started to climb. Thing held solid at 20mph, no problem, no bogging... And my favorite part? I can now touch the engine after a good 10 mile drive, even with the hill thrown in there! Yeah, it's still too warm to hold my hand to it, but whereas I could feel the heat blasting off of it before, now it's actually fairly cool for an engine containing thousands of explosions per minute.
I do have the needle set at the middle position, and yeah, it's running slightly rich up to 3/4 (some pops, slightly burbly sound, etc).. Not very rich, but rich.. But the last 1/4 of the throttle is just absolute butter now. I'm fine letting it run rich on the bottom 3/4 since it's still breaking in. It still has plenty of power and isn't bogging down there, but sound-wise indicates rich.
I've read that the needle seems to have the most effect on the bottom 3/4 and the top is almost all jet (please correct me if this is incorrect!)... If this is the case, then she's pretty much back to her former glory, and once I have more hours on it I can up the needle a notch to lean it out a bit.. But I want at least another 2 tanks of gas run through before I do that, and have a good idea of how much the oil/fuel ratio is going to truly affect the lean/rich equation.
I've given it quite a few drives since fixing it, and today couldn't resist giving it a proper WOT test. About 30 seconds on a pretty much flat straight. Previous cylinder/carb tuning with 16:1 ratio got me 33mph. Now after finally getting it back into shape, albeit at probably a 12:1 ratio (gas in the bowl is dark blue, not light blue.. Definitely a very oily tank in that puppy), she hit 31. Without any pedal assisting (and admittedly pedal assisting on the 33mph run).. So pretty much back to how I remember it.
Also worth noting: even with the previous setup working fine most of the time, that hill at the end of my road needed some pedal assistance.. Not much, basically just pedaled along without much effort, but it really wanted the extra help.. Even when it was running too lean, it wanted nothing to do with that hill.. But I'm happy to say that after the third rejetting, It went up the hill effortlessly this time. Buttery smooth, no pops, coughs, rattles, nothing. As smooth as an idling lawn mower, and chugged right up that persistent but slight incline with no complaints.
The incline is 100 feet elevation change over 2000 feet.. Not sure what the comes out to in degrees or whatnot.. There's another much steeper one (50 feet elevation over 200 feet distance.. That's a tough hill!) but it's gravel, and my baby isn't ready for that challenge yet.
I couldn't be happier with it's current progress.
I am confused and concerned at how the carburetor went from working just fine to being way too rich, which seemed to happen right when the cylinder plating failed.. Made it very tricky to fully diagnose. Then I definitely overcorrected to try to fix that problem, but as I've said quite a bit in this thread, this is a learning engine and I fully expect to break it over time.. Though my goal is to run it as long as I can and learn as much as I can from it... And of course, share my trials and tribulations here to help others who may find themselves stalled out down this road with no pedals.