Recognized organizations don't allow record attempts with bikes with smaller than 15" wheels. That knocks mini bikes out. Some of the current "drag" bikes build with those backwards Chinese engines have wheels almost that big to hit nearly 90 MPH. They aren't mini bikes once the wheels exceed six inches.
There were several unofficial runs exceeding 100 with old two strokes on mini bikes. For most of us, this subject becomes moot when you start talking OHV backwards facing engines. It's simple to shove in as many cubic inches of Chinese Wizardry you can fit, pay someone to build it to hold 12K RPM and go be a hero with six inch tri stars.
If you want to go fast, or have a bike fit an obese adult male, get a motorcycle.
I cant determine which engine Bonanza had on this one. The runs are documented elsewhere on the net.