The constant velocity carb is "self compensating" for altitude. The slide lift and intake vacuum are dependent on ambient pressure, so it will only open up and flow fuel relative to the absolute atmospheric pressure you are operating in. As the atmospheric pressure drops, the volumetric efficiency drops, but a properly jetted (metered, as the technical term goes) carb will keep the same fueling ratio as it would at a given density altitude, regardless of if you are at 8000 feet in the Rockies on a 70 degree day, or rolling around Florida on a 95 degree day with 90% humidity. Altitude reduces available oxygen for a given weight of charge, just as hotter air contains less oxygen, and humidity reduces it even farther. Either way, less power is developed for a given rate of flow through the engine, both due to the absolute pressure, and the reduction in available oxygen for the combustible mixture. We see similar power losses in the south on days with high temperatures, even near sea level, and humidity plays a role as well. It's approximately 3% HP loss per 1000 feet elevation, based on a standard day, IIRC. I have seen days calibrating aircraft turbine engines where in Dallas, at 531 feet MSL, my calculated density altitude was over 5000 feet MSL. That's why "hot and high" is the double whammy for robbing engine performance.
I hope I can get my bike reliable and go hit some of the shallow mountains here in the Northeast in the next few weeks. We'll see.
CV carbs are very good at making this work. Try the same run with a flat or round slide carb, and you'd have a hard time staying happy.