I don't want to sound like a wet blanket, but if one's intention was to hot rod a 650 engine, would it not make sense to start with something only a decade or so old, and maybe something that had underpinnings to support 60 or 80 hp?
I decided a Harley touring machine needed more power, ultimately I have a 113 c.i. engine that makes the Road Glide dance, in a way, but at the cost of thousands of dollars and a lot of down time, and if I choose to compare speed, in a safe legal setting of course, the only thing you can beat is other dressers. One of the regular contributors here characterized these 650's as "stately" and maybe getting one working good and reliable and looking like you want it should be the goal. end rant