There is still some power to be made, even with an imperfect design. Timing and port width can be optimized to create better power in a specific power range. The results may not equal 50mph speeds, but even if you could squeeze another 5mph out of it AND have better power in the lower RPM than you did before, why not? Optimization never hurts.
tungsten burrs? Single or double cut? They are the best for material removal, and I use a single cut burr lightly on my intake ports and manifolds to create the "rough" surface ideal for boundry layer vortexing (keeps fuel mixture suspended and improves velocity).