I thought I would post an update, as I really appreciate all the input and suggestions everyone provided.
I have added Pat's hub adapter, and I reluctantly removed the 3D clutch (which I liked for many reasons including pedal starting on the road or on the stand). I also added a beefy front motor mount, a stainless muffler, a brass brake lever and white tires for a vintage look, and remade my rear fender mounts so that they are much sturdier. I am testing with an inexpensive centrifugal clutch, and today got the mikuni-clone carburetor tuned and adjusted for better off-idle throttle response. I am amazed at how torquey the predator engine is. Earlier I had some minor slipage of the hub adapter (which Pat makes clear is NOT recommended for a 212cc engine), but further tightening of the bolts seems to have alleviated that. I didn't see a torque spec with the adapter, so I was probably overcautious when tightening it the first time.
I have zero plans to hot-rod the engine, as I plan to use this thing like a moped around the neighborhood, probably 25mph max. But if I do have hub adapter issues, I have a punt position. I have purchased a moped hub and would like to build up another wheel using it, and 10g spokes. I'm trying to find a source for a beefy steel 26x1.75 steel rim that has a drop center like an automotive wheel (or a raised spoke area, if you prefer). I have a pic below, does anyone know where to source such a wheel?
The next step will probably be to blow it all apart. I have a friend who was a crack auto-body guy in his younger days, and he's offered to help me do the whole thing up in Indian Red. I have some gold Indian tank logos, and may do some gold pinstriping. I'll keep everyone posted.