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Good question John. I've not considered whether it's simply over-geared. I'll have to experiment. My strong sense, uninformed by empirical evidence of course, is that this is not the problem. And the bikes were never marketed as having an overdrive ("it's a feature, not a bug...."). But it is definitely a hypothesis to be tested and I shall do so, thank you. I'll endeavor to report back but I'm in Boston so that may be a while....!(Is that a Tull reference in your avatar block?)
I'm of the belief that you may be suffering from soft compression numbers . That'll pretty much guarantee a lower top speed . Any idea how long it's been since a valve job ? Peter