From my experience the bike usually rides with no problems, then experiences the same as running out of fuel all together, with a cough and splatter, then nothing at all. The 70 sounds like it is possibly starved of fuel/air. Depending on where the engine was purchased it may be running the same carby as the 50's which means the engine cannot run to it's full capacity being starved of fuel and possibly air particularly at top end. You could try bigger jetting or better still a bigger carby. As a suggestion Skyhawk distributors have a carby designed with bigger jetting and air flow that seem to work quite well.
yeah probably, but the problems all fixed, this guy can't stick to the same engine for more then a month or 2 max