Obviously I think your goals are very doable, since I have a 2 HP 36v golf cart motor in my daily driver Geo Metro. You will have the advantage of much lower weight, a HUGE plus for your goals. However, the advantage I had was enormous amounts of room in comparison to a motorcyle. To get that kind of speed, you will need high voltage. In my limited research, I haven't seen a 48v motorcyle go much over 50 MPH. If I were to attempt something like this, I'd build the bike as close to free as possible, and get a bucketload of A123 batteries running at 80+ volts with the $1,500. Certainly try out 48v first and see what you get though! I look forward to seeing your progress.....
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