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...
My Current Sleds:
1997 Yamaha Vmax XTCR 600 7491 MI
1979 Yamaha Exciter 440 6224 MI
1997 Yamaha Venture 600 5723 MI
1979 Yamaha Exciter 440 7021 MI
(2) 1979 Yamaha Exciter 440's
1987 Yamaha Excel III
Selling Parts off the Excel!
WAKE-UP AND SMELL THE TWO STROKE
2009-2010 Miles: 340
2010-2011 Miles: 984
2011-2012 Miles: 752
2012-2013 Miles: 1739
2013-2014 Miles: 1173