You can see a slide show of the entire operation here:
The entire bike is now complete (but still has a crappy 6:1 exhaust for now) and I have done about 60 sweet miles on it. Finally everything looks, sounds and feels right. The bike starts first push of the starter, idles beautifully and carburation seems (to me at least) 95% there. As I am running her in, max RPM is 4K tops.
The engine is currently on Texaco Magnatec 10W-40 a cheap-ish semi synthetic and I have been experiencing low oil pressure when the bike is at normal operating temperature (a 30 minute ride or so). That is: ~45 PSI (3.1 Bar) @ 4K RPM and ~10 PSI (0.7 Bar) at idle. When cold, indicated pressure is ~75 PSI (5.2 Bar). What more, this pattern has not changed at all. Also when I did the first oil change and removed the sump, everything looked spotless.
Before you ask I have checked the pressure with two concurrently run gauges and they both seem to agree.
Before I look deeper, I will change the engine oil again with a thicker one (Mobil 1 5W-50), check the sump etc. etc. again, and see what happens.
Any suggestions any ideas most welcome - but PLEASE let's not start another thread on oils


Thanks
Aris