Smaller rear sprocket=More speed.
You can also open up your exhaust (cut or remove the baffle) clean up the intake and exhaust ports, install a thinner base gasket and a lot of other things for a little more power.
More power=less reliability, though when done right, I think you could get a modest power boost without too much sacrifice.
Also remember when making "adjustments" to a two stroke bicycle motor, to keep an eye on the jetting so you don't fry the engine.