Never really modded mine save remove the governor on a couple and run a straight exhaust. They will reliably turn close to 5k stock(with the better exhaust), but will blow oil out of the crankcase breather unless you add a medium like scothbrite, chore boy, etc.
Any mods made to the B&S flatties will apply. Milling the head, trenching, port work, advancing the ignition timing carb increase etc. If you are wanting serious mods check out some of the kart forums.