Nigel
Exactly what revs does this occur at? Full throttle is not 4500 revs, which you should peak at about 7-7500 when you are in the red line. If this is happening when you are ticking over in top at about 36-4000, do try a lower cutaway on the slide, as I have had problems with Gold Stars over the years with flat spots around the 40-50 mph mark. This is 50/50 to take off more slide or another slide with less cutaway (I make my own slides). If it is spitting back through the carburettor, throttle slide too high. Guess you're using a no. 5 cutaway - try a no. 4. However, I am beginning to believe your magneto may be breaking down. In which case, you will be for ever chasing this problem. Get it checked.
Regards, Geoff