Thanks a LOT for all the feedback. This weekend I will look into the leak in the crank bearing seal. That seems to be the next thing to check. Several people said it leaking air would produce the symptoms I am having. I found out the bike sat for several years, so that might have possibly caused the crank seal to dry out or crack.
The plug looks great (light chocolate brown) and the waterflow is good after removing the stat. The gas cap is an Acerbis unit with a very simple one piece rubber vent. I tested it, and it flows air into, and out of the tank well.
I think it is getting plenty of gas and water flow.
Earlier I inspected the intake boot to check for air leaks. It looked good, but I sealed the reed cage/boot with a little high temp sealant just to be sure. It did not help. The bike runs and sounds great for about ten minutes. Then when it geat really hot the idle runs up, and it starts pinging. Thats when I shut it down. I have never taken the bike out anywhere and trail ridden with it like this, I just ride it in the street until it gets hot, then shut it off.
If it is not the crank seal, all I know to do is replace the top end, and hope it is a bad head gasket. I have read you sometimes need a different head gasket. (A white or green one) Do the KTM gasket kits they sell have both gaskets in them? The pictures I have seen looked like there was only one in there.
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