Going downhill, (okay, a big hill) our ranger would hit the limiter at about 48-49 and would clock 49.2 on the gps(could never quite get that magical 50!). In the real world, it would cruise on level ground at around 44-47 mph, but doesn't have the power to get neer the rev limiter. It's a stock 700, althouch I recentaly put in a sp belt, with 27" tires.
With your increased power, you should be able to hit the rev limiter all the time, and I would expect your top speed to be over the 44 it's supposed to go.
I would guess that you might have one or more of the folling issues:
your clutching is off, which I don't know how to fix.
your belt is worn. On an old ranger we had, just putting in a new belt gave us 3 mph over the worn one. And weren't you having belt slipping problems before? You may have worn the belt.
Belt slipping. I have heard that clutching and sheeves can help with this, but don't know how to fix. I have heard people here talk of the dragonfire belt, but haven't really heard anywhere of anyone really impressed. Just the other day I heard of a new performance belt made with, I believe, carbon fiber, that is supposed to grip better, slip less, run cooler, and last longer. I don't know who makes it, I'll see if I can find out.
You problem may just be what mine usually is-loose nut behind the wheel!
Good luck!