My primary desire behind lifting it, is that I am 6'7". I would want to increase standover height and the foot peg to seat spacing somehow as well. I do mean dual sport -- no knobby tires for now... I would mostly plan to drive city with it, but perhaps some touring, and even fire roads eventually. Some of the projects I have seen on here inspired me to pursue this bike. If I can get it reliable for around $2k I would be pretty stoked. Pipe dream?
I've owned two Minsks that I rode through Vietnam and Cambodia, and I've restored two aircooled VWs. I would be leaning on my buddy who is a Honda CB expert to help get it running.