I hope people are still reading this thread.
Update
Have done about 50 miles now. So I think there's a problem - it starts on a dime, one or two kick overs and it idles well when cold. However, after the first mile or so, the RPMs go way high - it revs on it's own as if I'm holding throttle open. So high that I can take off on 2nd gear from a complete stop. Imagine riding at 30-40 miles an hour, then coming to a stop sign - the revs wouldn't go down. Then after 2-3 more miles, it goes back to normal. It's weird. I've checked the throttle and choke cables and they seem fine and proper.
Thoughts?