Ah ,yes,I see a Queensland rego ,and a HMCCQ 50 th anniversary badge ,a recent pic,even if the 50 th has turned out to be less than ideal............Anyway,I would suggest maybe a 276 Amal may be more suitable,as this was the size generally used on 500sv,and ohv ...the 289 being more of a sports bike carby......Since the motor is watercooled ,there is no risk there ,and as others have done the same without overstressing the works ,and the mod is reversible......No harm in changing the timing either ,but have regard for the maximum revs ...no point going beyond whats needed....The 15/60 timing used to be good for all sorts ,cars and bikes,and you also doubtless have valves made of more recent materials ,so the extreme caution of the veteran era is not necessary,as valves never break as they once often did.