Because i know you have all been PATIENTLY waiting to see how i made out, its all better now. from trolling the other threads of people with the same issue, i started seeing people who were bleeding the clutch line from the top banjo bolt. I figured why not give it a shot. I wrapped the master cylinder and that part of the line in a towel, threw on the 12mm wrench, pumped about three times and held it, released the banjo nut, and bam! you could literally here a "pfffffft" as all the air was bled out of that part of the system. close up the nut, and I instantly had lever pressure. i ran one more cup of fluid through the system for safety and took her out for a beat run.
so now, i have a smooth clutch pull, new clutch plates, clutch discs, and clutch springs, and i have finally seen some scary power out of this bike. I had no idea how much power i was actually losing when i was slipping at around 8000 rpm.
thanks for all the help guys, this forum has saved me TONS of money (and then caused me to blow those savings on parts).