Ok
Bike went to garage, and needed rebore skim new piston and genuine Yamaha head gasket. Power valve was shaved to stop wider piston hitting it.
Bottom end was OK
Rebuilt and filled with silkolene Comp 2 stroke oil and coolant.
Managed to find 3 wire servo, cables pulley etc, which the garaged fitted correctly for me.
Electrics were fixed and tidied up while they were at it - total cost was £360. Incl vat
Now I have full power!!
Not that I have fully tried it yet as the mechanic told me to run in at 200 miles under 6000rpm, 200 miles at under 7000rpm and 200 miles under 8000 rpm.
Does this seem a bit excessive - I want to get that power valve fully opened!