Oh, it's definitely the clutch, the friction plates anyway. I described everything to the Vic Dealership, the smell, the symptoms. They agree.
To expand on the Coles notes version above, when I bought the bike, it had been at that dealership for the better part of 2 years (-2 months). I had originally looked at it in 2014, and test rode it then. No issues, but they were asking WAY too much.
When I went to get it this April, there was still snow on the ground so no test ride this time. The Odo still had the same reading as when I looked at it the first time. On delivery day, the clutch plates were stuck together, they freed them up, and I forced them to swap out the oil. I only had the bike in 1st moving it from the back of the dealership to the truck, then right into the garage for tear down and blackout.
When it was finally warm enough 3 weeks later to get out and ride it, I got into 1st fine, 2nd seemed ok, but when I got into 3rd, it was slipping MASSIVELY, same for 4th. While moving, I would give it gas, but it felt like the clutch was just at the edge of the friction zone. Pulled over and put it in Neutral. Tried to get going again, and it wouldn't go in first. I called the dealership, they hummed and hawed, told me to let the bike cool off, then try again. Told me to try to get it into first without the bike on (good luck with that).
When I was finally able to get it into first, same thing as before, just the bare amount of friction present to get the bike moving, but at walking speeds. I was 5 km away from my house by this time. Took me 20 minutes of high revving at 20km/h in 3rd to limp her home. I pulled up the internet that time, and the service manual. First thing I checked was the clutch free-play. The morons had set it up like a sport bike according to them to have the engage/disengage points with the smallest pull on the lever. So once the engine/cable warmed up, the clutch was not fully engaging. I fixed, and all seemed well, with the occasional slippage.
2 weeks ago, in the search to eliminate the 20lb pull on the clutch, I installed an ez-pull clutch from WD. Adjusted it to the proper points, but was getting slippage, which I attributed to it, so I pulled it off after one ride to and from work last Friday. The pull was glorious, but the slippage was bad at high revs. Readjusted the clutch cable again to spec free-play, and took her out. That is when I discovered the slippage was still there and getting worse.
That is when I hopped back in here, and saw the number of threads involving slippage and the main culprit being the oil. I asked the dealership what oil they put in, and it was one of the more well known ones that you can't use. That brings us full circle to the first post.
I knew there might be issues with a demo bike, and it was a risk, but for the money, it was still a deal. They are hard to find in Canada.
2012 Cross Roads renamed "The High Road"
Barnett Scorpion Full Clutch, HE Clutch Cable
Blacked out Chrome trim pieces
Kuryakyn Tail light trim, Sabretooth Brake lights, Multi Backrest, Driving Light Switch (Garage opener)
Boss Audio MCBK400 600W stereo
Victory HardBall Mirrors and Mini-Apes, Big Mouth Exhaust Tips
Vicbaggers Ez-Clutch, Lay Down License plate bracket
Victory Beacon LED Headlight
LSL Adjustable Levers
Custom LED Driving lights
10' of LED RGB Strip Installed