Dude,
Sounds like you got an interesting bike! If the engine might have had something done to it, and no-one knows what, then you could have anything. I would like to know how many miles you've done on it. If you've had it for ages and done like 20 000 miles on it, I'll shut my mouth right now. Otherwise, heres my 2 cents.
As far as cams go, you can reprofile any camshaft with any almost cam grind.
Theres no reason why someone who works in an engine shop can't put an F40 grind or a Cosworth BDG grind on a v-max cam. Not common, but possible.
The valve clearances in that case are likely to be ones from the cam master, not from the engine you put it into.
I commented on this thread before because I noticed that no-one had answered your original question.
I just want you to know that there are some people who don't always play safe and do things by the book! MAYBE it has had a different grind put on it.
However, on the topic of your motor, this isn't what springs into my mind. The cam grind can be an F1 grind, if it works. That's not a worry.
I'm a bit concerned about your cranking compressions.
When you say it sounds like a box of rocks, one of the things that comes to mind is pinging/detonation. When you say octane boost helps, it rings true. Engines with higher compression ratio's often need higher octane fuel.
The drama you really have is - is the cranking compression so high that you are getting piston detonation? What if that is the cause of the box of rocks noise?
Detonation causes the crown of the piston to get eaten away and turned into a sort of salt like substance. Some of the pictures on this page do pretty good justice to what can happen -
http://www.google.com.au/search?q=p...&source=og&sa=N&hl=en&tab=wi&biw=1360&bih=576
I am not a particularly wealthy person, and if my bike engine blew up, I would be gutted.
So my motiviation for writing this is just that I want to tell you to tread carefully with this motor. This might be one of those occasions when you need an expert to look at it, or just bite the bullet and pull it down.
Just my 2 cents. ;-)