I'm leaning toward carbs....a plug chop is a good place to start. 4th gear @ 4k go wot to red-line and hit the kill switch.QUOTE]
Quickest way to assess what is happening would be to get a baseline run on a dyno.
That said, I agree that a plug chop will help you decide if it is a rich or lean problem
BUT given that it at the high end of the rev range that you have the issue then you would need to cut the motor at 9K so that you can assess the mixture at that RPM.
By all means do it at 4K but that would indicate the fuelling of the needle not the main jet.
One other point - you are assuming that the rev counter is accurate. It may under read in which case you are possibly just feeling the power dropping off as would be expected.
Is the air cleaner in good condition i.e. clean?
Finally how often does Mrs_M take it to those revs?
If this tends to be a rare occurrence then you are only giving yourself a job that needn't be done (I'm sure she could find you other work if you asked her... :no no no