I was able to go out and battle this beast some more today. I pulled and checked all the radiator hoses, no obstructions. I wrapped the hoses with the radiant heat wrap, removed the T-stat, refilled it with coolant and fired it up without the cap. I could see the water circulating pretty well, an occasional cluster of bubbles went by. I filled the water just over the fins. When I blipped the throttle the water level instantly fluctuated higher, so it seems to be flowing very well.
Rode the bike down the street in second about five times. Didnt boil, but the idle started accellerating and everything was blistering hot, just like usual. I noticed a bit of smoke in the exhaust, and when I checked the water level in the radiator, it seemed a bit lower. Maybe it is a bad head gasket?
I am about out of ideas

, other than replacing all the top end gaskets and maybe the rings while I am in there.