So, after a couple minor hang-ups, got the 165cc installed and it's running great! It's too early to say how much of an improvement it is since I'm trying to go easy on it for the next 300 miles or so, but I will say that it's an improvement. There are two hills in particular that I ride on my way to work and there was a definite increase in enthusiasm on the part of my Stella riding up those. So, yeah.... I would say it was worth the time and trouble. Looking forward to seeing how it performs after the break-in period.
I did run into a couple issues when installing it, that I think a more experienced motorcycle mechanic would have gotten past a bit easier, but I don't think installation is beyond anyone with some patience and basic mechanic's skills. If anyone is interested, I can list the tools I found especially useful (nothing out of the ordinary, really) and other general tips/info. The most important advice would be to take your time and break the project up into 2 or 3 days.
Believe it or not, the most frustrating thing I encountered was getting the new piston in the cylinder. You need to compress those tiny rings with your fingers to slide it in, and at the same time, make sure the ring gaps stay situated at a 120 degree offset from one another. (They like to slip around). The solution I found was installing the piston in the cylinder BEFORE sliding it on the dowels, then, leaving the end of the piston sticking out with the hole exposed, attach the piston to the crank with the pin. Much, much easier. Just make sure the flywheel is secured when you do this, or the piston is likely to get pulled out of the cylinder when you feed the timing chain through the block. Oh, this happened to me 2 or 3 times
All in all, a fun project.