I can only throw ideas at this problem based on vaguely similar experiences.
i. It sounds similar to what I noticed when my HT leads were giving up. Althought at was on a 1300. At low speeds it would pull OK, but the feeling was like one of riding over a bumpy road surface. Ask it for more power, it would heistate until the engine picked up enough revs to provide the power for the spark. It would run OK when the revs were high. But that problem turned out to be HT leads corroded inside, and two of the plug caps failing.
ii. Make sure that the cylinder closest to your right knee, has its vacuum tube plugged properly. It is normally the thing that opens the fuel shut off valve, but that has been removed. Make sure that it is capped off - the other vaccum feed points (for carb balancing) have a long rubber tube which is capped as they emerge behind the cam shaft covers. The point to which he tubes connect is deep down in the vee. I think that you would experience some backfiring if it was this though.
iii. Make sure that the choke lever / cable is actually doing what it is supposed to at the carburettor end of the cable. Its a long time since I rode with a choke lever, but I recall on the odd occasions that it 'choked' it would run fine - if a little fast at tickover, but would heistate when accelerating.
That's all I have got, I'm afraid. Its throwing solutions at a problem without knowing what the fault is, I know. But if the comments trigger ideas from people who actually know what they are talking about .....
