If I may add.I would try to give a complete discription of what you have done this far with getting the bike togeather(was its a shop that did head work).What kind of condition it is in and has it been sitting for a long period of time.Imo from what you have said is you had to put some new studs or something and I have this impression its been sitting for quite some time.With that info I can see where blaaster is coming from with the leak down test.May be a leaky gasket and again sounds like your going to possibly need to rebuild carb and it would not hurt to pic some reads up as well.In all honesty It would be a great help if you could post a video and a walk around of your bike then start it up.Post it to utube then copy the link to the forum.Its hard for every one to determine what is going on with out clear information on the bikes simptoms.It sounds like crap at high speed just is not enouph information.There can be many things from rich to lean to poor spark pluged air filter worn piston(piston slap)Just to many variables that make it sounds like crap.Show these guys what your dealing with and let them hear whats going on with your motor so that they can better help you.