Update:
Well, as Ian pointed out, the beasty went onto the Dyno on Friday (while Ian was busy taking spy shots) at
G-Force in Santa Clara. By the way, if you need anyone to work on your bike (anything from performing a scheduled service to building out your engine to the max) then G-Force is the right place to take your bike! The guys there are friendly, cost effective and they totally know their shit.
Anyway, putting the bike on the dyno was funny. It's a single all right. The thing vibrated so much I thought I was going to have to pay Mike's dental bill to have his fillings replaced

. Also, every single bolt or screw that hadn't been wired or loctited fell off at some point (fortunately, all the important ones HAD been wired or loctited).
All that being said, the bike peaked out at 52.5 hp -- very respectable since it hasn't been tuned at ALL yet! Unfortunately I don't recall the torque numbers, but the torque curve was just incredible... the most impressively scarey torque curve I've ever seen.
Right now the bike peaks too low, about 7500-8000 rpm. Mike, looking at the charts with an expert eye suspected that it was because with the big bore 500cc kit in there the intake bore through the carb, engine and valves wasn't big enough to draw in the charge at higher rpms without the intake charge going hypersonic

.
This was proved out when we fitting a velocity stack from a GSXR-1000 to the carb... with the increased speed of the intake charge the engine dropped off much sooner (about 6000 rpm). I didn't know this but apparently it's bad if the intke charge goes faster than about 0.6 mach. Who'd of thought? Hypersonic sounds so much cooler

.
Anyway, so Mike is currently working away with his single cylinder engine simulation software to figure out the optimal changes to the engine and carb to let the engine rev out to about 9,500 (and based on the curve we were looking at at, about 58-59 hp) before it drops off.
I'm also seriously thinking about relocating the radiator to under the tail section. I continued to be worried about front wheel clearance, and it would be nice to have room to build a killer exhaust like the one that Swiss came up with for me...