Your on the right track, but remember, for these smaller bikes, you are better to start off a little rich. If holed pistons are a potential problem, you want to start with higher octane fuel as well. Because this is a scooter, the choice of main jet is likely the most important, as I assume it is usually WFO most of the time.
If cost of jets is going to be a concern, you may be able to get someone to drill out the stock main jets with a numbered drill set. Once you determine what percentage increase you need, increase the "area" (dia x 3.14) of main jet by the same percentage. You can also solder them up and redrill.
Can you increase airflow to the cylinder to help keep it cool? More horsepower always means more heat, and you need to keep the little bugger cool.
Just some thoughts...