All is good now! I had the compensator replaced (upgraded) with the Screamin' Eagle one (p/n 40274-08). That fixed the issue.
I have since done motor work with the help of a very close friend. I had Bean at Bad Boyz in Main, bore my jugs to 103" and ported and polished my heads. I had some very special custom work done on the breather vents that eliminates blow back. I installed Screamin' Eagle pistons (10:1), Andrews 54H cams, replaced (for no really good reason, since they were not worn at 32,000 mi) the chain tensioners. I have V&H all the way through from the Drak VO2 aircleaner, through true duals, and out Monster Ovals. I put a close map in that is running a little rich but no pop. I expect to get it dyno'd at Mike Cat's in Kenner, LA during the LA State HOG Rally at the end of March. I know one thing, this bike is wicked fast. I really hope tuning doesn't make it too much faster ;-]*. I will be interested in seeing the numbers.