Update for those interested... After many hours of stress I have finally gotten this clutch under control. The pushrod needed shortened by about 1/8th of an inch. The end was soft, too, so a bit of heat treatment and it's good to go. The rod wasn't allowing it to disengage completely.
To get this thing running I've fixed a bent exhaust pushrod, bent swing arm, wrong sprocket (forcefully fitted), equally jacked up drive chain, cracked rocker box, top end rebuild, clutch rebuild, forks rebuild, carb rebuild, new mag, and the previous owner's battery was wired backwards. That's all in addition to many cosmetic upgrades. It was purple when I got it.
With no slipping in the clutch I was able to get it up to full speed today--full throttle, high rpms--passing cars with a smile on my face. The main jet needs revisited, but overall I think it's pretty kick ass.