If you really feel into it, there are quite a few things you can do, ranging from cheap to expensive.
First I would recommend changing the bearings, slides, and so on. Sometimes restoring old parts will reduce the drag.
Next, you should look into the carb. The stock butterfly, although it uses less fuel, has less throttle response 76-77 round slide carb. You can also (jetting required) get a brand new mikuni round slide. Some have considered dual carbs, but you will need to find a carb boot that fits the reed cage, which is difficult.
Reeds are another, they don't improve Speed or torque, but they do improve throttle response.
Aaen makes a single pipe for the Exciters, some say there is moderate gain to be had there.
I highly recommend a new camplast .75" track, I have used it for a season, and it has given me fantastic results over the stock track.
If you don't mind tearing it apart, you can port it, and/or bore it out, and use over-sized pistons.
Non-pivot riser, as some feel that the handle bars are too short.
That about all I can think of at the moment, I'm sure there are a few more that I'm missing...
- 2000 Yamaha Mountain Max 700
- 1979 Yamaha Exciter 440