ORIGINAL: Pull Up Now!
16-1 oil ratio sounds a bit rich in oil. I believe at that level, you'll lose HP. I'd also recommend using regular gas pump gas (meaning oxygenated). The alcohol content will help cool the engine, and these Saito's do not like heat. Also, make REALLY sure you secure the Walbro (if that's your direction) really well. Any vibration on that cantilevered mass will cause it to vibrate loose and the resulting fresh air inrush will catastrophically lean the engine, ruining it, before you even figure out what's happening. I've seen this happen (not to me! I use RED loctite and a carb support bracket).
What gas to oil ratio do you recommend, if not 16:1? Thanks.