Got an update for you guys. I swapped out coils with another one I had just to eliminate that from the equation and it didn't help anything.

Next thing I did was disconnect the wire sending power from the starter relay to the starter. I hooked up a momentary switch directly from the battery to start it from under the hood. Once running, I brought up the RPMs and sure as $hit, it didn't pop!!!

After I figured that out, I hooked everything back up and packed some electrical tape in between the power and starter terminals on the relay thinking it could be shorting, but it didn't solve anything.

So at this point, I figure it's probably a bad relay, right??? Why would it be intermittently sending power to the starter when RPMs are raised?? Strange...

Either way, I'm stoked that I've isolated the issue and am excited to get it back on the road. Thanks for all the help guys.