Well I finally got back to this project.  I swapped the coil with a brand new oem one...no change.  I then removed the new spark plug and tried the original plug...no change.  I then pulled the flywheel and returned the saw to original timing...no change. 
So I have a good known source of fuel with both the original carb and new carb.  I know I have good airflow because of the port work, a new air filter and dual porting the muffler.   I have good ignition with the original coil/plug and new oem coil/plug.  I have known good compression that increased the expected amount after lowing the cylinder via cutting the base.  The saw passes both vac and pressure tests without a hiccup. 
At this point, all I can deduce is that maybe when I lowered the jug about .030" to get the squish where I wanted it, and shaved about .020" out of the floor of the intake to get intake opening/duration where I thought I wanted it... is that the intake has too much area/duration for the given setup and the saw is flat drawing too much air/fuel ratio in during each engine cycle.  I never gave that too much thought before this whole problem arose, but from all the symptoms this saw exhibits, and from all the checks I've made and parts I've swapped I literally cannot for the life of me come up with any other possible cause.
Open to any ideas, I've tossed around clutching possible causing problems, just seems unlikely since when I screw the h speed adjuster all the way in it's still 4 stroking hard and no hint of even trying to lean out or 2 stroke wide open.  Hitting a wall at 11,000 RPM still.  Also double checked the tachometer is performing correctly.