Even with total lockup there is a surge of power on each power stroke followed by the other 3 parts to the 4 cycles of a 4cycle engine. More mass in the flywheel, clutch, wheel, tire, chain, sproket and crank smooth things out-as dose more rpms. As for slip even if you ran a sprocket with no clutch- if the mass of the spinning moving parts are too low for the mass the motor is pushing it will do this and the lower the rpms the more you'll notice. Jackshaft or heavier motor.