Lane,
I have pics of a guy who shoe horned a Lifan 200cc motor in a YSR, so I imagine a 150cc is very do-able. I'm curious to know what true hp's those motors put out. Any case, I say go for it!
If a Lifan 200cc fits, then there is no doubt a Honda 150r motor will fit. I believe they are equiv in head height.........which is what makes it a tight fit.
One other thing, I was told that the Lifan cases are a little wider. How much, don't know *shrugs*
In regards to the horizontal motor, the guy in LA (Joe Lanza) installed one of these motors. I was told by one of his fellow racers that the power is ok.......food for thought.
Unless of coarse someone actually installed a KLX 110 motor w/ all the Kitaco stuff to the equiv of the Japanese racers use, $$$$$$$.