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.
Does removing the spark arrestor on these things do anything for HP or does it just make more noise?
I assume higher octane fuel makes no difference with such low compression.