Thanks for the prompt replies. I will try to implement and reply back next week.
First of all, no change in trouser size.
Re Compression check: Please explain why the throttle needs to be wide opened? What does that do?
Bent valve is quite a story; here's the sequence of events:
Top speed was off by 10 mph, so I took it into a trusted independent mechanic. Asked him to run a compression check, which showed 150. He worked the problem and ultimately found the carb jets plugged, cleaned the carb, and I had my top speed back. However, I still had a suspected ignition problem because I could hear the engine missing at times when it was idling. Shortly after the carb cleaning, the bike got progressively worse at stalling out after warmed up, and being hard to start when warm.
Went on a scooter group ride, and it stalled on me both times we approached a toll booth. Took a few minutes to restart. Riding home, we had a stretch on the interstate. I was riding with bigger scooters and I was wide opened for about 20-25 miles. Near the end of that stretch, it suddenly sputtered and lost power. I slowed down on the shoulder, it didn't stall, and I babied it along. Eventually got back up to 55-65 mph and it seemed to be okay. Rode it the rest of the way home okay. Was the sputter at speed a possible ignition issue? (Read further.)
Though I had no problem with my independent mechanic, I decided to take it to the KYMCO dealer, mainly because of the belief he could get it back to spec and would have ready access to parts. (What a mistake!) I rode it into the dealer to drop it off. Described in detail what I was experiencing. Dealer asked about the last valve adjustment. Frankly, I couldn't remember. I know they are way too frequent in the maintenance list, but mine had been missed for quite a while. So I told him to go ahead and check them. When the dealer went to start the bike and take it around back, he could not. Perhaps just the difficult starting when warm I thought.
Dealer checked valve adjustment (don't recall result), and checked ignition. Told me CDI was failing. I suspected an ignition issue, was not surprised. After CDI replacement, he said he still could not get the engine started. Dealer implied the bike I rode in to drop off for service "died" when I dropped it off. Seems a bit too coincidental to me. He tore the engine down, and found a slightly bent exhaust valve. Showed me with it still in the cylinder head. It was leaving a small visible gap of light when closed. Made me wonder when this happened, since I had a recent compression test at 150? No explanation. He said everything else including the piston, head, etc. were all okay.
He replaced the valve. He rode it, found it was still hard starting when hot, and perhaps still stalling out. Swapped an ignition coil, and it resolved that issue. He replaced the coil with a new one.
I got the bike back, after 5 1/2 weeks since dropping it off (Totally unacceptable!) During that 5 1/2 weeks. they had maybe 1 week of delay while waiting for parts to arrive. Not impressed with this dealer!
Talked to my independent mechanic about the whole ordeal, he asked to see the valve. In his opinion, it had gotten too hot. Don't know if the wide-opened running for 20-25 miles could do that? Engine temps did not overheat.
Lots of confusing stuff going on, but I still have the MPG issue, which existed before all of this valve and ignition business started.
As for the valve, attached are a couple of photos. The stem is bent slightly; can't really see it in the photo, but you can if you roll it on a counter top.