My engine is very similar... Dax F80 bottom end, Fred head, Stock carb, stock ignition, and a home made pipe i made out of a KTM 50 pipe to fit. I also use Opti2 at 100:1.
I had that engine in an older Roadmaster MTB but cracked the frame so it's going into a Specialazed with dual suspension. I'm also keeping the Noleen Vector front end and transferring it to the new frame, it's a girder type front suspension with a single shock up by the head tube. It handles way better than the old front suspension and has a cool unique look to it, and since it's a girder with aluminum fork tubes it's super lightweight but also very strong.
I also did some mild porting on that engine but was surprised at how fast it was going when I checked the speed.