I've got a couple theories you can comment on (or suggest your own):
1. The backfiring is caused by a lean condition during warmup. (I'm still not sure how to properly fix it.)
2. The lagging at 4700 could be caused by some worn valve harmonic or something.
I have read the following web resourses, but I'm having trouble applying them:
http://www.motorcyclecarbs.com/jetting/carbs101.pdf
I'm sure somebody will recommend tearing the carbs apart and cleaning them, but I took the bowls and slides off recently and it looks pretty clean. The gasket is in good shape too. I think it was cleaned sometime recently before I bought it (this summer). So I'll save the carb cleaning for next to last. Tearing apart the engine is dead last.
Thanks,
Michael
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