The GXH50 will rev well beyond 7500. I have seen more than 8500 (no load) from my engine despite having a governor. Mine routinely hits 7800+ RPM (with load) for extended periods of time, thus the question about valve springs. As far as I can tell the GXH50 has no true rev limiter. I asked Honda directly if the GXH50 can overrev, and they responded yes especially without a load.The stock Honda GXH50 max hp is at 7000 rpm (2 hp), its max rpm is 7500, its max torque is at 4500 rpm (2 ft/lbs); this is according to the owner's manual.
I always go by what the owner's manual has for stats/specs rather than stats/specs that have been put in an advertisement.
Straight pipe it! Unless you like your hearing.The spark arrestor could be a little restrictive especially if it's dirty
Take it off and see if your engine performs better