How much are you willing to put into a 25 year old engine? Removing the governor at that age may be dangerous without upgrading rods and the flywheel at minimum, that stuff isn't cheap either! I'd imagine an 18hp engine pushes that deuce pretty well as it is, but if you must pull the governor remove it completely. There isn't a way I know of to adjust a gov, and I've not had experience with the v-twin small engine, but I'd bet the process is similar to a 212 gov removal.
Might be cheaper and safer in the long run to take a peek at a predator 670 engine, you could easily sink the same money into your honda depending on how far you wanted to take your honda build, and it's still got 25 years of use on it.