If its fuel when it starts bogging just hit the kill switch and pull the plugs then you will know if its carbs or not if the plugs are wet or not otherwise check the throttle sensor. Theres a video how to bypass it on the main arctic cat forum page by 'blaine1"
Here was the fix for my sled:
I changed my pilot jets from 22.5s to 20s. And bingo, She runs great! I didn't think it would be that easy but I guess a little jetting goes a long ways.
To anyone else out there, also check your choke plunggers to make sure they are set at the right height. They can get out of wack when you clean your carbs.
When I don't have the manual, so I used a piece of wire to measure the depth of the plunger socket. I then set the top of the threads on the plunger to that length. If you look at it you should be able to figure out. You want them to seat all the way at the bottom when the choke is off........