I think high RPM/HP is the method for NA engines and 1/4 mile drag bikes. With a turbo charged engine I think some of those goals get discarded or minimized. Predetonation, timing, turbo mapping; Peak torque, head flow, boost level etc etc come into play equal to or greater importance than acheiving high RPM HP.
HP is just a mathematical function of measured torque. These 650's in stock trim made 80ft lbs from 4000-8000 RPM's. And that from a 40 cubic inch engine. That is where they got their acceleration rate. Not from being able to wind 60 ft lbs from 7000 to 12,000 and make bigger HP. A 650T will still accellerate with stock 600/750/900's crotch rockets of today, but top speed will be limited due partly to gearing.
Increasing torque by increasing boost while not inducing pre-detonation and altering gearing to allow that peak boost to get to the ground would be my personl goals. HP at higher RPM is just an RPM factor requiring lower gearing to maximize the torque available at that higher RPM.
I think the NA 500's and 650's are redlined for piston speed considerations and not neccessarily valve float. I think they also had some considerations for cam lobe configurations and cam ramp angle.
When they went to the 650 NA engine, they reduced the RPM due to the slightly longer stroke of the 650 which increased the piston speed.
You mentioned being afraid to ride your 12K bike and yet people ride 20-30K bikes on the road all the time. Thus your reluctance to ride your RG500 is not likely due to it's monetary value alone, but due to it's intrinsic value and rarity. But yet if you'd put another thousand in the 650 turbo bike as is, you'd end up with up to a 5 to 6k value (likely)and one that should be worth 12K also.
And it's likely as or more "rare" than your RG500.
The RG500's production numbers were approx 7500 in '85; 1500 in '86 and 500 in '87. Thus only if you have a '87 is your rarity greater than the 650 T that you have now.
From Wickipedia concerning the 650T
You can indeed do what you want with it; but it would be equally interesting and challanging to take a NA 650 engine and bike and install a turbo on it or modify it to it's maximum potential. You'd have to decide if the engine block and crank would take it. There are already several guys doing this with CX series bikes and thus you'd have company.
You stated that some of your goals would be to facilitate the fabrication of replacement and performance parts for the 650Turbo's. That and similar approaches have been found unmarketable and basically unwanted. Dan Topping discovered this perspective. There simply is not enough of the bikes manufactured and still remaining to mass market any type of performance upgrades. And most owners seem content with the performance for street riding as it is. If they wold want to spend 10,000 for performance upgrades AND for daily riding; they'd likely opt for a newer motorcycle also.
Many though would be appreciative though if stock replacement parts (such as sidecovers, pistons, bearings, fuel pumps etc) wouild be sourced and manufactured. But even those are resellable to a very limited number of people.
Only a few of those cabaple of affording extreme parts to modify a 650 Turbo would actually have an interest in doing so. So your likely in a world of a very few modifiers such as Tim the dragracer and yourself.
Someone had even made a intercooler for the turbo, but couldnt' get it dialed in. That would be another performance upgrade that may net 20 HP.??