My son and I tinkered with his stock Blaster, tried some typical 2 stroke tuning tricks to get power, (compression, carb, air, exhaust, porting, timing) but quickly found combustion shape was the bottleneck to power. I think this was done on purpose by Yamaha to limit the stress and power on what was designed to be a "beginner" quad. Get a $60-$80 modified head as the very first mod. Set the squish gap between piston and head at 1mm and then do a plug chop to get the jetting right. This mod alone will result in about a 30-50% power increase or about 23-27hp with everything else completely stock.
Without a modified head:
a pipe will gain you 2-5hp (magazine tests from the day)
a larger carb will gain nothing but trouble (tried it)
intake porting will gain 0-3hp at more revs (gesstimate based on experience)
Exhaust port raised increased rpm, decreased low rpm torque and gained 1-4hp at revs
3mm stroke is a 5% increase so will gain a 5% power increase, 17hp x 5% = 0.85hp
milling 0.5mm off the head (2.5mm squish) yielded more torque on bottom end
milling 1mm off the head (2mm squish) yielded detonation (tried it)
+4 timing = more torque on bottom end, perhaps a bit on top (tried it) 1-2hp?
Boost bottle - can you feel anything? I can't feel anything...
Reed spacer - I think I feel something...
Reeds - yup, I'm pretty sure I feel something...
Put all these mods together and you might get to 27hp.
Or much less and be buzzy and need to be rev'd just to get moving.
A head mod, pipe, and 1mm raised exhaust port will see you over 30hp still with great low end torque.
Shim the airbox cover open or drill a couple extra air holes may help too.
You won't need the +4 timing mod. The improved combustion shape speeds burn.
Some pictures below:
Stock Blaster (front right), modified (rear) and a modern motocross head (front left)
Even with modified heads there are different shapes possible for different powerbands:
Red represents what I FILL IN with epoxy on the intake side after opening the windows up slightly.
The exhaust port I would raise 1mm and make "D" shaped, with the flat to the top (still curved slightly)
There is more, but basically start with a modified cylinder head.
Steve