Good idea on welding the chamber, we are doing that to an old sr500 yamaha take modern design an apply it to an old head get the best of both worlds. E85 is also a viable solution if it is available in your area, I wouldn't call it a bandaid as it is pump fuel and not something like octane booster.
Another thing you might look at is thermal coatings they only do so much but will help a little to enhance the chamber mods. good luck post pics of the progress!