Nice work with the engine mod. I suspect that the Aero Engineers will tell you that you increased the horsepower considerably.
The equation for this is V2 = V1 * ((P2/P1) E^-3).
To solve for the initial power,
P1 = P2 / ((V2/V1) E^3)
P1 = 110 / ((120/85) E^3)
= 39 HP
The prop is another variable, but assumed constant for the horsepower calculation.
Did the CG change considerably?
Don