Aye Andrew, cocque au vin to u to!

So my assumption, as you are no longer running with an exotic metal canister and raising the valve temperature, is that you may cook and erode the exhaust valve and it's seat?

Looks like more paraphernalia to be removed and a suitable bath plug inserted in the side of the exhaust port to retain the "steam junk" appearance.
Furthermore, Chris Swallow achieved a very creditable 4th in the Classic TT Senior this year, riding a Linsdell 500cc Bullet, with a race time of 01:24:35.400 and average speed of 107.048mph. OK, it's a bit more than you may require, but I believe the basics of BSA Gold Star tuning are involved. Have a read of Irvine's 'Tuning for Speed' or Royce Creasey's 'Technician tuning' in Classic Mechanics, apply them with some electronic ignition and it should go fine! Long inlet tract, Wal Phillip's Injector, keep a venturi in the inlet above the inlet valve to keep the mixture velocity high, don't over polish, moderate CR for the road, polish up the exhaust port and about 6" down the exhaust pipe constrict the diameter to form a shallow dam and speed the exhaust with the venturi effect through a long pipe and long shallow shallow tapering 'trumpet' on the end as you already have!

As for the legal consequences of modifying the beastie?

That might be a whole different ball game at the first MoT in 2021, after the Euro 5 regulations come into force, if indeed they do with the current discussions under way on Biscuit! I had to avoid swearing and my apologies to you all if this has caused offence.

Toodle pip, Bill