There's more to it then jus setting it. Gotta take the engine apart and start with the crank. Cleaning up area around the journal, setting clearances and making sure every part is right. Crank and cam end play, piston to head, piston to cylinder, ring end gaps, measuring compression ratio, ignition timing with a degree wheel and dial indicator, more of blue printing, measuring again and again, porting the head, cleaning up the ports, runners and combustion chambers, gasket matching, cam timing events, the list goes on and on, before i can tell you how to adjust the gov. Theres more to it then jus setting it. We will wait for that and see how happy you are when it's turning 4500 with the gov.
When I got the 1st 224, still on my bike now, with jus a simple head gasket change .027" thick, crank and cam endplay at.010", a pvl flywheel with ignition timing set at 26 degrees, a .031" main jet in the stock carb, running the stock air box, filter, muffler it turned 4900 with the gov, and over 40 mph with a 20" tire and 5.55:1 gear and tav. After beating on it for 2 or 3 months, I tore it back down and rebuilt it with a better combo of parts. Now it's jus stupid fast outta the hole, and I would have to look at my build sheet to get all the measurements, lol.
But anyways, we can get you to 4500 with what you got and go from there.